Couple of possibilities
It can be G-sec interest. Check whether amount matches with expected interest on your Gsec
G sec pays interest on fixed dates. If you bought from secondary market, It does not matter when you bought it.
Look up your particular Gsec in below list and check whether interest date was nearby the date of credit (Gsec pays twice a year, once on issue date, another after 6 months from issue)
Second possibility, do you own any CDSL shares? It might be CDSL share dividend.
But wait, I realized that neither do I hold CDSL shares, nor did I buy the G-secs from secondary market. I bought a fresh issue through bidding via Coin: 7.10% GS 2029.
I should have mentioned that in the description.
And I find that this particular G-Sec indeed has interest date on 18th Oct. So possibly that is the case I believe. Can someone explain how this interest payments happen - isn’t the first interest date cliffed x months (quarters) from the start date?
G Sec Interest payments are done by CDSL so the amount you received must be from GSec.
Also You’ll Receive a confirmation mail on your email address from ICICI Bank which will have detailed information regarding the same.
This was not a fresh issue, but as such “re-issue” by RBI
RBI generally issues a specific series of bond once, and then continue to re-issue it for next couple of months as per need.
For this particular bond, it was first issued on 18 Apr 2022, and this particular tranche was reissue by RBI. Hence interest payment date is 18 oct and 18 apr (6 months from date of issue)