Comment on Invest in government bonds and sovereign gold bonds on Kite

Shubham commented on 14 Sep 2023, 04:58 PM

Hi Nishant, 7.18% is the interest rate or coupon. This interest is paid out twice a year, and you will receive this in your bank account. The interest is paid on the face value, in this case, Rs. 100. 105.35 is the price of the bond, it is the estimated weighted average rate of all allotments to competitive bidders + accrued interest + markup value (difference between the lowest and highest bid). More here.

The maturity date of the bond is shown on the order window itself along with indicative yield and price.

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