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Where NRIs can buy bonds in India
RBI Retail Direct accepts non-residents eligible under FEMA, and IndiaBonds and Bonds Kart advertise NRI access. Grip Invest and Jiraaf exclude NRIs, and most other platforms do not publish their rules clearly enough to verify.
Verified
What we checked
- The platform or channel states on its own pages that non-resident Indians can open an account or invest
- Platforms that exclude NRIs, or whose NRI terms could not be read, appear in the table below rather than as options
- Read on 17th Oct 2026
Options that meet these criteria
Listed alphabetically. This is not a ranking.
Bonds Kart Bond platform
Its homepage carries an NRI-eligible bond category alongside corporate, tax-free and 54EC bonds. The eligibility conditions were not published on the pages read.
Fyers Broker app
Fyers support says NRIs can invest in government securities through an NRO non-PIS account (reported from a support article summary).
IndiaBonds Bond platform
Its homepage advertises NRI and HUF access, alongside corporate bonds, G-secs, SGBs and 54EC bonds.
RBI Retail Direct Government channel
RBI's scheme release says non-residents eligible to invest in government securities under FEMA 1999 can open a Retail Direct account.
What each platform says
| Platform or channel | NRI position | Where it is stated |
|---|---|---|
| RBI Retail Direct | Eligible non-residents can participate under FEMA 1999 | RBI scheme release |
| IndiaBonds | NRI and HUF access advertised | Homepage |
| Bonds Kart | NRI-eligible bond category | Homepage |
| Fyers | Through an NRO non-PIS account (reported) | Support article |
| Grip Invest | NRIs not allowed | KYC FAQ |
| Jiraaf | Indian citizens only; no NRIs | FAQ |
| Altifi | FAQ asks whether NRIs can invest; the answer was not captured in our check | FAQ |
| SMEST | FAQ index has an NRI section; the answers load only in a browser and were not read | FAQ |
| Zerodha | G-sec help section has an NRI eligibility article; not reviewed | Support site |
| Wint Wealth, GoldenPi, Stable Bonds, Aspero | Not verified |
Government securities are the clearest route
RBI states eligibility for non-residents in the Retail Direct scheme itself, and Retail Direct covers T-bills, dated G-secs, SDLs and SGBs with no account or bid fee. It does not sell corporate bonds.
Questions to ask a platform before you sign up
Ask which bank account it will debit (NRO or NRE), which demat type it will use, and whether the specific bond is open to non-residents. Bonds Kart groups only some bonds as NRI-eligible, which suggests eligibility can differ bond by bond. Searches for TDS on bonds for NRIs are common; tax treatment is outside the scope of this page.
Questions people ask
Can NRIs buy Indian government bonds?
Yes. RBI's Retail Direct scheme allows non-residents who are eligible under FEMA 1999 to open an account. Fyers says NRIs can invest through an NRO non-PIS account (reported).
Can NRIs invest on Grip Invest or Jiraaf?
No. Grip's KYC FAQ says NRIs are not allowed, and Jiraaf accepts Indian citizens only.
Can NRIs buy corporate bonds on IndiaBonds?
IndiaBonds advertises NRI access on its homepage. Check with the platform which bonds and account types it accepts before you invest.