Comparison
The Bond Project vs Zerodha
The Bond Project runs on top of your Zerodha account: Kite executes the order, while The Bond Project adds the bond search, order book depth, yields, ratings and cash flows that Kite does not show.
Verified
The team behind this site also builds The Bond Project. See disclosures.
Lean to The Bond Project if
You know the exact bond you want and its symbol, or you only bid for G-secs and T-bills in primary auctions.
Lean to Zerodha if
You want to search the listed universe by yield, rating and maturity and see the order book before placing the order on Kite.
Side by side
| The Bond Project | Zerodha | |
|---|---|---|
| Legal entity | Fortyglyph Private Limited (CIN U66190MH2026PTC471341) source | Zerodha Broking Ltd source |
| Group or backers | Founded by Rubin Talati, who earlier built the retail bond platform at Paytm Money source | Not verified in our research source |
| SEBI registration | None. It is a data and order routing tool, not a broker, OBPP or adviser; execution, KYC and custody stay with your broker source | INZ000031633 (stock broker) source |
| NSE OBPP status | Not applicable: orders go to the exchange order book through your broker source | Registered, status Not enabled (list as on 14th Oct 2026) source |
| BSE OBPP status | Not applicable source | Not on the BSE list (file dated 24th Sep 2026) source |
| Where your bonds sit | Your existing Zerodha demat. The Bond Project never holds your money or bonds source | In your Zerodha demat; G-secs bought in primary bids and held to maturity show in Coin source |
| Minimum investment | No platform minimum; you trade the exchange lot of each bond source | Zerodha's own minimum not captured in our research; brokers quote ₹10,000 face value for non-competitive G-sec bids source |
| Fees and markup | ₹100 for 30 days or ₹500 for 1 year, one-time, no autopay; no per-order fee and no spread. Your broker's brokerage and statutory charges apply source | G-sec, T-bill and SDL primary bids free; no brokerage on secondary purchases on Kite, exchange charges apply; STT not applicable to SGB, G-sec, T-bill and SGrB source |
| Yield shown as | Indicative YTM computed from the exchange price, pre-tax source | Coin and Console show the dirty price of a G-sec as your buy average source |
| Selling before maturity | Sell on the exchange order book through your broker at any time it is open; a Liquidity Indicator shows how actively each bond has traded source | Sell on the exchange; costs the same as exiting any demat security source |
| Settlement | Exchange order book through Zerodha Kite; bonds settle into your own demat source | Exchange cash segment, where G-secs trade at the dirty price (NSE circular NSE/CMTR/39581) source |
| Credit range on shelf | No curated shelf: the full listed universe of 500+ government, corporate, gold and tax-free bonds, with ratings from CRISIL, CARE, ICRA and others source | Not applicable: no curated shelf; the order book carries whatever is listed source |
| NRI access | No. Residents of India aged 18 or over source | Zerodha's G-sec help section has an NRI eligibility article; the rules were not captured in our research source |
| Play Store (India) | No app; web platform source | Kite: 4.4 from 3.94 lakh reviews, 1 crore+ downloads, read 17th Oct 2026 source |
| App Store (India) | No app; web platform source | Kite: 4.35 from 10,574 ratings, read 17th Oct 2026 source |
| SEBI or exchange actions | None found; not a SEBI intermediary source | None bond specific found in our research source |
| Corporate bonds via RFQ | Not covered | Not live. Press on 26th Aug 2026 reported SEBI approval and internal testing, with no launch date source |
| Listed bonds on the exchange order book | Not covered | Yes: listed NCDs, bonds and tax-free bonds on Kite, per Zerodha staff on 18th Apr 2026 source |
| NCD IPOs | Not covered | Not available; Zerodha tells users to apply through net banking ASBA source |
| G-sec, T-bill and SDL bids | Not covered | Yes, non-competitive bids on Kite; the 0.06% fee was waived from 1st Mar 2024 source |
| SGBs | Not covered | Zerodha supports SGB bids and states STT does not apply to SGBs; no new tranche has been issued since Feb 2024 source |
| DP charge when you sell | Not covered | ₹15.34 per scrip (₹3.5 CDSL plus ₹9.5 Zerodha plus ₹2.34 GST), with an extra ₹0.25 CDSL discount on bond debits source |
How they differ
Why compare them at all?
Because on Kite alone, buying a corporate bond means knowing its exchange symbol and reading a price with no yield beside it. The Bond Project lists the 500+ bonds on the exchange with indicative YTM, ratings from each agency, cash flow schedules and a Liquidity Indicator, then sends the order to Kite.
What you pay
Zerodha charges no brokerage on bond purchases on Kite; exchange charges, stamp duty and a DP charge on sale apply. The Bond Project adds ₹100 for 30 days or ₹500 for 1 year and nothing per order.
Custody
Identical: your Zerodha demat.
What Zerodha does without it
G-sec, T-bill and SDL primary bids through Coin, free since 1st Mar 2024. Zerodha's OBPP is listed as Not enabled on NSE as of 14th Oct 2026, so it does not sell corporate bonds through RFQ.
Questions people ask
Do I need a separate account for The Bond Project?
You create a Bond Project login and connect your Zerodha account through Kite's own login page; orders and holdings stay at Zerodha.
Does Zerodha charge brokerage on bonds?
No brokerage on bond purchases on Kite; exchange charges, stamp duty and a DP charge on sale apply.