Bond Interest Payment Date Advanced to 27.09.2026 as Sunday Declared a Working Day
Interest payment on SBI bonds (ISIN INE062A08397) will now be made on 27.09.2026 instead of 28.09.2026.
- Bond ISIN
- INE062A08397
- Original Interest Payment Date
- 28.09.2026
- Revised Interest Payment Date
- 27.09.2026
- Reason for Revision
- Ministry of Finance advised public sector banks to function normally on Sunday, 27.09.2026, making it a working day
What was announced
SBI informed the exchanges of a change in the interest payment date for one of its listed bond series.
- Bond series ISIN: INE062A08397
- Earlier intimated interest payment date: 28.09.2026
- Revised interest payment date: 27.09.2026
Why the date changed
The original date of 28.09.2026 was chosen because 26.09.2026 (4th Saturday) and 27.09.2026 (Sunday) were holidays. The Ministry of Finance, via a press release dated 23.09.2026, advised all Public Sector Banks and Regional Rural Banks to function normally on Sunday, 27.09.2026. All SBI branches and offices will therefore remain operational that day.
The working day convention
The Term Sheet of the Placement Memorandum states that if a coupon payment date falls on a non-working day, payment must be made on the immediately succeeding working day. With 27.09.2026 now a working day, it becomes the coupon payment date.
What it means for investors
This is an administrative intimation affecting bondholders of this series, who will receive their annual interest one day earlier than last intimated. It does not alter the interest amount or the terms of the bonds.
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