ACCRINT Function in Excel: Interest Earned Since Last Coupon

ACCRINT Function in Excel: Interest Earned Since Last Coupon featured illustration

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⏱ 2 min readUpdated 28 September 2026

FinancialLevel: ExpertAvailable in: Excel 2007+

In this article
  1. Syntax
  2. Examples
  3. Example 1
  4. ACCRINT in practice
  5. Where you will use it
  6. Worked example
  7. Mistakes people make
  8. Related functions
  9. Continue learning

ACCRINT calculates interest that has built up on a bond — the amount a buyer pays the seller on top of the quoted price.

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Syntax

=ACCRINT(issue, first_interest, settlement, rate, par, frequency, [basis], [calc_method])
Argument What it means
par Face value.

Examples

Example 1

=ACCRINT(DATE(2019,5,1), DATE(2019,11,1), DATE(2019,8,1), 7%, 100000, 2)

About ₹1,750 accrued for three months.

ACCRINT in practice

Where you will use it

  • Interest accrued on a bond bought between coupon dates
  • Settlement amounts for debentures
  • Accrued interest in treasury reports

Worked example

Accrued interest on ₹1,00,000 face value, half-yearly coupons.

IssueFirst couponSettlementRateFormulaResult
01-Jan-202601-Jul-202601-Apr-20260.08=ROUND(ACCRINT(A2,B2,C2,D2,100000,2,0),2)2000
01-Jan-202601-Jul-202601-Jun-20260.075=ROUND(ACCRINT(A3,B3,C3,D3,100000,2,0),2)3125
01-Apr-202501-Oct-202515-Aug-20250.09=ROUND(ACCRINT(A4,B4,C4,D4,100000,2,0),2)3350

Results calculated in Excel.

Mistakes people make

MistakeWhat to do instead
Wrong frequencyUse 2 for half-yearly coupons, 4 for quarterly
Wrong day-count basisBasis 0 is 30/360; Indian G-secs use 30/360, corporate bonds often actual/365 (basis 3)

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