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Calculate the interest accumulated between coupon payment dates
Enter bond and settlement information
30/360 (Bond Basis)
Assumes 30 days/month, 360 days/year
Actual/365
Actual days, 365-day year
Actual/360
Actual days, 360-day year
Actual/Actual
Actual days in period
Fill in all details and click Calculate to see results
When you buy a bond between coupon payment dates, you must pay the seller for the interest they earned while holding the bond. This ensures fair compensation for both buyer and seller.
In bond transactions, you pay the dirty price (clean price + accrued interest) at settlement. On the next coupon date, you receive the full coupon payment, which includes the accrued interest you paid to the seller.
Different day count conventions can result in slightly different accrued interest amounts. Indian government bonds typically use the 30/360 convention, while corporate bonds may vary. Always confirm the convention for your bond.