-
Gsec interest is based on coupon rate and face value. For your case coupon is 8.17%. and face value is 100. So you will be getting Rs. 4.085 as interest per bond every six months.
-
Yes each bond has specific dates for interest payment. Shubh maintains a good list of it
Interest payment dates for government bonds (G-Sec)
Bond you hold shows 1 Dec and 1 June of every year. -
At maturity face value is redeemed and paid back. SO for each bond you hold you should be getting Rs. 100 back + Rs. 4.085 as interest for last 6 months.
Yes redemption is automatic if you hold till maturity. Units will be extinguished from demat and you will get money credited in your bank account.
Important to note that both interest and redemption are dependent on face value of bond and is not dependent on price you paid for buying the bonds.
Hope this helps.