Maturity Date

The maturity date is the predetermined date on which a bond's principal (face value) is due to be repaid in full to the bondholder, marking the end of the bond's life. Until the maturity date, the bondholder receives periodic coupon payments. Bonds are broadly classified by their time to maturity—short-term (under 3 years), medium-term (3–10 years), and long-term (over 10 years). In India, the government issues securities across a wide range of maturities—from 91-day Treasury Bills to 40-year G-Secs. The maturity date is a critical factor in assessing a bond's interest rate sensitivity (duration) and its suitability for matching specific future financial obligations.