Indian Bank has announced the Record Date for payment of yearly interest on its outstanding Tier 2 Bonds Series III (ISIN- INE428A08051). The Record Date is set as 12.01.2026, with the actual interest payment due on 27.01.2026. The interest rate is 8.15% payable annually, for an issue amount of ₹1000 Crore.
Interest Payment Details
Indian Bank has set the Record Date for the payment of yearly interest on its outstanding Tier 2 Bonds Series III (ISIN- INE428A08051). According to the official announcement, the following details are pertinent:
Nomenclature/Tranche: Tier 2 Bonds Series III
ISIN No.: INE428A08051
Issue Amount: ₹1000 Crore
Interest Rate: 8.15% (payable annually)
Record Date: 12.01.2026
Due Date/Actual Date of Interest Payment: 27.01.2026
Important Notes
The actual interest payment date is 27.01.2026. Due to 25.01.2026 being a Sunday (Holiday) and 26.01.2026 being a Public Holiday, the interest payment will be made on the succeeding working day. The Record Date has been considered based on the terms of the Offer Document, accounting for non-business days prior to the interest payment date.
Source: BSE