HDFC Bank Limited is an Indian company in the BFSI industry with 26 outstanding bonds (ISINs) recorded on this page. It is also the originator behind 5 outstanding pass-through certificates (PTCs) in 2 securitisation trusts: India Universal Trust Al1 and India Universal Trust Al2. Stated coupons on its fixed-rate bonds range from 6.44% to 8.85% a year. Maturity dates run from 27 Mar 2027 to 31 Dec 2099. NSDL records 0 of the 26 whose terms it holds as secured. Latest credit ratings on record: CARE AAA (Stable) (action dated 23 Oct 2026); India Ratings AA+ (Stable) (action dated 19 Aug 2026); ICRA AAA (Stable) (action dated 23 Jun 2026); CRISIL AAA (Stable) (action dated 12 Dec 2023). Verify current terms against the official documents linked on this page.
Data as of 13 Nov 2026 (snapshot 20261113-2049) · How this page is compiled
Issuer overview
- Outstanding pass-through certificates (ISINs)
- 5
- Pass-through schemes
- India Universal Trust Al1 and India Universal Trust Al2
- Legal name
- HDFC Bank Limited
- CIN
- L65920MH1994PLC080618
- LEI
- 335800ZQ6I4E2JXENC50
- Industry
- BFSI
- Business
- Private Sector Bank
- Ownership
- Non PSU
- ISIN issuer codes
- INE040A, INE1CBK, INE16J7
- Outstanding bonds (ISINs)
- 26 (plus 2 matured)
- Stated coupons (fixed rate)
- 6.44% – 8.85%
- Maturity dates
- 27 Mar 2027 – 31 Dec 2099
- Secured (NSDL)
- 0 of 26
- Combined issue size of outstanding bonds
- ₹178,978 crore
- Traded on
- BSE, NSE
Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.
HDFC Bank bonds: ISIN, coupon and maturity
26 outstanding bonds, by maturity date.
| ISIN | Type | Coupon | Interest paid | Allotted | Maturity | Face value | Issue size (₹ cr) | Security | Guarantee | Traded on | Rating (NSDL) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INE040A08567 | NCD | 7.78% | Yearly | 27 Mar 2017 | 27 Mar 2027 | ₹1,00,00,000 | 1,185 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08823 | NCD | 7.77% | Yearly | 18 Jul 2022 | 28 Jun 2027 | ₹10,00,000 | 3,111 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08385 | Subordinated NCD (Tier II) | 7.56% | Yearly | 29 Jun 2017 | 29 Jun 2027 | ₹10,00,000 | 2,000 | Unsecured | None recorded | — | CRISIL AAA 23 Jun 2017 |
| INE040A08955 | NCD | 7.7% | Yearly | 16 May 2023 | 16 May 2028 | ₹1,00,000 | 3,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08401 | Bond (NCD) | 6.44% | Yearly | 27 Sep 2021 | 27 Sep 2028 | ₹10,00,000 | 5,000 | Unsecured | None recorded | BSE | CRISIL AAA 31 Aug 2021 |
| INE040A08393 | Bond (NCD) | 8.44% | Yearly | 28 Dec 2018 | 28 Dec 2028 | ₹10,00,000 | 6,000 | Unsecured | None recorded | BSE | CRISIL AAA 14 Dec 2018 |
| INE040A08724 | NCD | 8.55% | Yearly | 27 Mar 2019 | 27 Mar 2029 | ₹10,00,000 | 5,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08AC9 | NCD | 8.05% | Yearly | 22 Oct 2019 | 22 Oct 2029 | ₹10,00,000 | 6,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08815 | NCD | 7.25% | Yearly | 17 Jun 2020 | 17 Jun 2030 | ₹10,00,000 | 4,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08864 | NCD | 6.83% | Yearly | 8 Jan 2021 | 8 Jan 2031 | ₹10,00,000 | 5,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08AD7 | NCD | 6.88% | Yearly | 16 Jun 2021 | 16 Jun 2031 | ₹10,00,000 | 2,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08781 | NCD | 6.88% | Yearly | 24 Sep 2021 | 24 Sep 2031 | ₹10,00,000 | 2,500 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08831 | NCD | 7.1% | Yearly | 12 Nov 2021 | 12 Nov 2031 | ₹10,00,000 | 3,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08963 | NCD | 7.05% | Yearly | 1 Dec 2021 | 1 Dec 2031 | ₹10,00,000 | 10,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08807 | NCD | 8% | Yearly | 27 Jul 2022 | 27 Jul 2032 | ₹10,00,000 | 11,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08773 | NCD | 7.8% | Yearly | 6 Sep 2022 | 6 Sep 2032 | ₹10,00,000 | 9,007 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08799 | NCD | 8.07% | Yearly | 12 Oct 2022 | 12 Oct 2032 | ₹10,00,000 | 6,653 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08427 | Bond (NCD) | 7.86% | Yearly | 2 Dec 2022 | 2 Dec 2032 | ₹1,00,00,000 | 15,000 | Unsecured | None recorded | BSE | CRISIL AAA 28 Nov 2022 |
| INE040A08435 | Bond (NCD) | 7.84% | Yearly | 16 Dec 2022 | 16 Dec 2032 | ₹1,00,00,000 | 5,000 | Unsecured | None recorded | — | CRISIL AAA 28 Nov 2022 |
| INE040A08914 | NCD | 7.97% | Yearly | 17 Feb 2023 | 17 Feb 2033 | ₹1,00,000 | 25,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08666 | NCD | 7.8% | Yearly | 3 May 2023 | 3 May 2033 | ₹1,00,000 | 15,000 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08AF2 | NCD | 7.75% | Yearly | 13 Jun 2023 | 13 Jun 2033 | ₹1,00,000 | 13,187 | Unsecured | None recorded | BSE | CRISIL AAA 4 Jul 2023 |
| INE040A08AJ4 | Bond (NCD) | 7.71% | Yearly | 20 Dec 2023 | 20 Dec 2033 | ₹1,00,000 | 7,425 | Unsecured | None recorded | NSE | CRISIL AAA 12 Dec 2023 |
| INE040A08AK2 | Bond (NCD) | 7.65% | Yearly | 20 Mar 2024 | 20 Mar 2034 | ₹1,00,000 | 2,910 | Unsecured | None recorded | — | CRISIL AAA 4 Jul 2023 |
| INE040A08377 | Perpetual debt | 8.85% | Yearly | 12 May 2017 | 30 Dec 2099 | ₹10,00,000 | 8,000 | Unsecured | None recorded | — | CRISIL AA+ 3 May 2017 |
| INE040A08419 | Perpetual debt | 7.84% | Yearly | 8 Sep 2022 | 31 Dec 2099 | ₹1,00,00,000 | 3,000 | Unsecured | None recorded | BSE | CRISIL AA+ 18 Aug 2022 |
Notes on this table
- Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
- Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
- "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
- Prices and yields are not shown. They change with every trade: see BSE and NSE.
- Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.
HDFC Bank pass-through certificates (PTCs): schemes, ISINs and maturity
5 outstanding PTCs in 2 schemes · by scheme, then maturity
| Scheme | ISIN | Series | Coupon | Maturity | Interest | Trustee | Traded on | Rating (NSDL) |
|---|---|---|---|---|---|---|---|---|
| India Universal Trust Al1 | INE16J715027 | Series A2 | 8.12% | 20 Jul 2027 | As per payout schedule | Catalyst Trusteeship Limited | Not traded | — |
| India Universal Trust Al1 | INE16J715035 | Series A3 | 8.2% | 20 Sep 2030 | As per payout schedule | Catalyst Trusteeship Limited | Not traded | — |
| India Universal Trust Al2 | INE1CBK15011 | Series A1 | 8.03% | 21 Nov 2026 | As per payout schedule | Catalyst Trusteeship Limited | Not traded | — |
| India Universal Trust Al2 | INE1CBK15029 | Series A2 | 8.09% | 21 Nov 2027 | As per payout schedule | Catalyst Trusteeship Limited | BSE | — |
| India Universal Trust Al2 | INE1CBK15037 | Series A3 | 8.17% | 21 Nov 2030 | As per payout schedule | Catalyst Trusteeship Limited | Not traded | — |
Notes on this table
Each scheme is a securitisation trust with its own ISIN issuer code. PTCs usually repay part of the principal every month as the pool pays down, so the amount outstanding is lower than the amount issued. Coupons are as recorded by CDSL, NSDL or the exchanges; for an equity or junior tranche there may be no fixed coupon. Ratings of PTCs carry the suffix "(SO)". Series, trustee and originator are from CDSL's list of securitised debt instruments where it has the ISIN; schemes held at NSDL are listed when they trade or are placed on BSE.
Private placements and disclosure documents
| Allotted | ISIN | Redemption | Disclosure documents |
|---|---|---|---|
| 20 Mar 2024 | INE040A08AK2 | 20 Mar 2034 | Placement memorandum on BSE |
| 20 Dec 2023 | INE040A08AJ4 | 20 Dec 2033 | Placement memorandum on BSE |
| 16 Dec 2022 | INE040A08435 | 16 Dec 2032 | Placement memorandum on BSE |
| 8 Sep 2022 | INE040A08419 | 8 Sep 2027 | Placement memorandum on BSE |
| 27 Sep 2021 | INE040A08401 | 27 Sep 2028 | Placement memorandum on BSE |
| 28 Dec 2018 | INE040A08393 | 28 Dec 2028 | Placement memorandum on BSE |
| 29 Jun 2017 | INE040A08385 | 29 Jun 2027 | Placement memorandum on BSE |
| 12 May 2017 | INE040A08377 | 30 Dec 2099 | Placement memorandum on BSE |
| 9 Apr 2010 | INE040A08559 | 9 Apr 2025 | Placement memorandum on BSE |
| 8 Apr 2010 | INE040A08443 | 8 Apr 2025 | Placement memorandum on BSE |
From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.
Company details
- Category
- Bank
HDFC Bank bonds: questions and answers
What bonds has HDFC Bank Limited issued?
HDFC Bank Limited has 26 outstanding bonds recorded on this page. By type, as described by NSDL: 17 NCDs, 6 bond (ncd), 2 perpetual debt, 1 subordinated NCD (tier ii). 2 further ISINs on record have passed their maturity dates and are not counted as outstanding.
What are the ISINs of HDFC Bank Limited bonds?
Its 26 outstanding bonds each have their own ISIN, for example INE040A08567, INE040A08823, INE040A08385. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE040A / INE1CBK / INE16J7.
What coupon rates do HDFC Bank Limited bonds pay?
Stated coupons on its fixed-rate outstanding bonds range from 6.44% to 8.85% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.
When do HDFC Bank Limited bonds mature?
Its outstanding bonds have maturity dates from 27 Mar 2027 to 31 Dec 2099. The bond table lists the maturity date of each ISIN.
What is the latest credit rating of HDFC Bank Limited bonds?
NSDL India Bond Info records CARE AAA (Stable) (action dated 23 Oct 2026); India Ratings AA+ (Stable) (action dated 19 Aug 2026); ICRA AAA (Stable) (action dated 23 Jun 2026); CRISIL AAA (Stable) (action dated 12 Dec 2023) on its outstanding bonds. Checked on NSDL on 6 Nov 2026. A rating is the agency's opinion and can change at any time.
Are HDFC Bank Limited bonds secured, unsecured or guaranteed?
NSDL records 0 of the 26 outstanding bonds whose terms it holds as secured and 26 as unsecured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.
Where can investors find the original disclosure documents for HDFC Bank Limited bonds?
Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.
How can investors check the current market price or yield of HDFC Bank Limited bonds?
This page does not show prices or yields. Trades in these bonds are reported on BSE and NSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.
Which pass-through schemes are listed under HDFC Bank Limited?
HDFC Bank Limited has 2 schemes with outstanding pass-through certificates on this page: India Universal Trust Al1 and India Universal Trust Al2, with 5 outstanding PTC ISINs in all.
What is a pass-through certificate (PTC)?
A pass-through certificate is a debt security issued by a securitisation trust. A lender sells a pool of loans or receivables to the trust, and the trust passes the repayments it collects to the certificate holders. Payments depend on how the pool performs and on any credit enhancement, not on the general funds of the lender. Ratings of PTCs carry the suffix "(SO)", structured obligation.
Sources and dates
- NSDL India Bond Info: bond terms, issuer identity and ratings by ISIN
- BSE and NSE: bonds that have traded, and their exchange listings
- CDSL: list of securitised debt instruments (pass-through certificates, with trust, series, trustee and originator)
- BSE: privately placed debt securities
- Methodology: how these pages are compiled and checked
Data as of 13 Nov 2026 (snapshot 20261113-2049). Facts on this page last changed on 13 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
