{ "publisher": "Compare Bond Platforms", "license": "CC BY 4.0", "licenseUrl": "https://creativecommons.org/licenses/by/4.0/", "generated": "2026-10-17", "cite": "Compare Bond Platforms (https://comparebondplatforms.com)", "faqs": [ { "slug": "how-to-buy-bonds-in-india", "url": "https://comparebondplatforms.com/faq/how-to-buy-bonds-in-india", "question": "How do I buy bonds in India?", "shortAnswer": "Retail investors in India buy bonds through 3 routes: a SEBI registered online bond platform (OBPP) or broker app that settles corporate bonds on the exchange RFQ platform, the NSE or BSE order book through any broker, and RBI Retail Direct or a broker's non-competitive bid for G-secs, T-bills and SDLs. Government bids start at ₹10,000 and are free on RBI Retail Direct, Zerodha and Fyers, while Upstox and HDFC Securities charge 0.06% plus GST.", "category": "buying", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI NCS Master Circular, 15th Oct 2025 (Chapter XXI, OBPPs)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "NSE list of registered OBPPs, 14th Oct 2026", "url": "https://nsearchives.nseindia.com/web/sites/default/files/inline-files/List_of_Registered_OBPPs_NSE.xlsx" }, { "label": "BSE OBPP member list", "url": "https://www.bseindia.com/downloads1/OBP_MEMBER_LIST.zip" }, { "label": "NSE exchange circulars (NSE/CMTR/39581, 4th Dec 2018)", "url": "https://www.nseindia.com/resources/exchange-communication-circulars" }, { "label": "NSE Request for Quote platform", "url": "https://www.nseindia.com/products-services/about-request-for-quote" }, { "label": "RBI press release on RBI Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "TradingQnA: Zerodha staff on G-sec bid fees", "url": "https://tradingqna.com/t/brokarage-in-government-bonds/145475" }, { "label": "Fyers support: bond charges and cut-off timings", "url": "https://support.fyers.in/portal/en/kb/articles/what-are-the-charges-and-cut-off-timings-for-investing-in-bonds-via-fyers" }, { "label": "Upstox help: charges for T-bills, SDLs and G-secs", "url": "https://upstox.com/help-center/t-260857" }, { "label": "HDFC Securities G-sec page", "url": "https://www.hdfcsec.com/g-sec-bonds" }, { "label": "TradingQnA: Zerodha staff on bonds and bond IPOs", "url": "https://tradingqna.com/t/bonds-and-bond-ipos/193338" }, { "label": "Groww: bond IPOs on Groww", "url": "https://groww.in/updates/bond-ipos-on-groww" }, { "label": "Groww: secondary market bonds via NSE RFQ", "url": "https://groww.in/updates/secondary-market-bonds-on-groww" }, { "label": "Outlook Money: SGB issuance paused", "url": "https://www.outlookmoney.com/invest/government-to-discontinue-sgb-fm-nirmala-sitharaman-says-yes-in-a-way-on-discontinuation-of-scheme" }, { "label": "SEBI circular, 14th Aug 2026 (54EC bonds on OBPPs)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1786705729757.pdf" }, { "label": "ICICI Direct bonds page", "url": "https://icicidirect.com/bonds" }, { "label": "RBI: Floating Rate Savings Bonds rate, Jul to Dec 2026", "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63065" }, { "label": "Stable Bonds homepage", "url": "https://stablebonds.in/" } ] }, { "slug": "best-safest-bond-platform", "url": "https://comparebondplatforms.com/faq/best-safest-bond-platform", "question": "Which is the best and safest bond platform?", "shortAnswer": "No single bond platform is best or safest for everyone, and SEBI registration covers the platform, not the bonds it sells. Compare 6 checkable facts: exchange registry status, where your bonds are held, disclosed costs, exit terms, the credit quality on the shelf and the regulatory record; SEBI fined 4 bond platforms between Apr 2025 and Oct 2026, all for settling trades off the exchange RFQ platform.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI OBPP page", "url": "https://www.sebi.gov.in/online-bond-platform-providers.html" }, { "label": "NSE list of registered OBPPs, 14th Oct 2026", "url": "https://nsearchives.nseindia.com/web/sites/default/files/inline-files/List_of_Registered_OBPPs_NSE.xlsx" }, { "label": "BSE OBPP member list", "url": "https://www.bseindia.com/downloads1/OBP_MEMBER_LIST.zip" }, { "label": "SEBI NCS Master Circular, 15th Oct 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "SEBI adjudication order, Aspero (Credavenue Securities), 4th Apr 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/apr-2025/1743761103360_1.pdf" }, { "label": "Moneylife: SEBI fines GoldenPi Securities and directors", "url": "https://moneylife.in/article/sebi-fines-goldenpi-securities-and-directors-rs45-lakh-for-regulatory-breaches/77848.html" }, { "label": "IANS via Punjab Kesari: SEBI fines IIFL Capital Services", "url": "https://english.punjabkesari.com/business/sebi-fines-iifl-capital-services-rs-2-lakh-for-online-bond-platform-violations" }, { "label": "SEBI adjudication order, Fourdegreewater Services (Wint Wealth), 21st Nov 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/nov-2025/1763731202909_1.pdf" }, { "label": "SEBI circular on the Credit Risk-o-Meter, 7th Oct 2026", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791436170839.pdf" }, { "label": "India Ratings on Hella Infra Market, 1st Oct 2026", "url": "https://www.indiaratings.co.in/pressReleases/GetPressreleaseData?pressReleaseId=86007" }, { "label": "Groww listing of Hella Infra Market NCD", "url": "https://groww.in/bonds/corporate-bonds/INE06E507579" }, { "label": "Aspero homepage (live listings, 17th Oct 2026)", "url": "https://www.aspero.in/" } ] }, { "slug": "are-bond-platforms-safe", "url": "https://comparebondplatforms.com/faq/are-bond-platforms-safe", "question": "Are Wint Wealth, Grip, Stable, Aspero and other bond apps safe or legit?", "shortAnswer": "Wint Wealth, Grip Invest, Stable Bonds and Aspero are SEBI registered stock brokers enabled as online bond platforms on NSE (Wint since 16th Aug 2023, Grip since 29th Aug 2023, Stable since 20th Mar 2024, Aspero since 8th Oct 2024), so they are legitimate intermediaries. Registration does not protect you if the company whose bond you buy fails to pay, so each bond's issuer, lowest rating and seniority still decide how safe your money is.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "NSE list of registered OBPPs, 14th Oct 2026", "url": "https://nsearchives.nseindia.com/web/sites/default/files/inline-files/List_of_Registered_OBPPs_NSE.xlsx" }, { "label": "BSE OBPP member list", "url": "https://www.bseindia.com/downloads1/OBP_MEMBER_LIST.zip" }, { "label": "SEBI adjudication order, Aspero (Credavenue Securities), 4th Apr 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/apr-2025/1743761103360_1.pdf" }, { "label": "SEBI adjudication order, Fourdegreewater Services (Wint Wealth), 21st Nov 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/nov-2025/1763731202909_1.pdf" }, { "label": "SEBI interim order on altGraaf, Tap Invest and Stable Investments, 18th Nov 2024", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/nov-2024/1731934203234_1.pdf" }, { "label": "SEBI NCS Master Circular, 15th Oct 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "Stable Bonds homepage and footer", "url": "https://stablebonds.in/" }, { "label": "Wint Wealth App Store listing", "url": "https://apps.apple.com/in/app/wintwealth-9-12-fixed-return/id6446472037" }, { "label": "Wint Wealth terms and conditions", "url": "https://www.wintwealth.com/terms-and-conditions/" }, { "label": "Aspero about page", "url": "https://www.aspero.in/about" }, { "label": "Aspero homepage (live listings, 17th Oct 2026)", "url": "https://www.aspero.in/" }, { "label": "CRISIL rationale, PIRG SDI 4 Trust, 12th Mar 2025", "url": "https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/PIRGSDI4Trust_March%2012_%202025_RR_364743.html" }, { "label": "CARE Ratings on TruCap Finance, 18th Jul 2025", "url": "https://www.careratings.com/upload/CompanyFiles/PR/202507180744_TruCap_Finance_Limited.pdf" }, { "label": "Catalyst Trusteeship TruCap status report, 23rd Oct 2025", "url": "https://catalysttrustee.com/wp-content/uploads/2025/11/13.-TruCap-Status-Report-23.10.2025-1.pdf" }, { "label": "TradingQnA: comparing GoldenPi, Wint Wealth and Grip Invest", "url": "https://tradingqna.com/t/comparing-goldenpi-wint-wealth-and-grip-invest/193407" } ] }, { "slug": "bonds-vs-fd", "url": "https://comparebondplatforms.com/faq/bonds-vs-fd", "question": "Bonds vs FD: which is better?", "shortAnswer": "Neither is better in general: interest on both bonds and FDs is taxed at your slab rate, so a 10% bond and a 7.5% FD keep a 2.5 point gap before tax and a 1.75 point gap at the 30% slab. That extra yield pays you for taking one company's credit risk and a harder exit, while a bank FD is a deposit covered by DICGC insurance up to its limit.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "EY: Budget 2023 widens the scope of TDS", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "Business Standard: Budget 2024 capital gains changes", "url": "https://www.business-standard.com/amp/finance/personal-finance/budget-2024-all-the-key-changes-to-capital-gains-tax-explained-124072500330_1.html" }, { "label": "DICGC", "url": "https://www.dicgc.org.in/" }, { "label": "SEBI NCS Master Circular, 15th Oct 2025 (OBPP advertising code)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "CARE Ratings on TruCap Finance, 18th Jul 2025", "url": "https://www.careratings.com/upload/CompanyFiles/PR/202507180744_TruCap_Finance_Limited.pdf" }, { "label": "Catalyst Trusteeship TruCap status report, 23rd Oct 2025", "url": "https://catalysttrustee.com/wp-content/uploads/2025/11/13.-TruCap-Status-Report-23.10.2025-1.pdf" }, { "label": "GoldenPi fixed deposits page", "url": "https://goldenpi.com/fixed-deposits" }, { "label": "Jiraaf fixed deposit page", "url": "https://www.jiraaf.com/products/fixed-deposit" }, { "label": "Outlook Money: SEBI chairman on corporate bond market gaps, May 2026", "url": "https://www.outlookmoney.com/invest/sebi-chairman-tuhin-kanta-pandey-highlights-four-major-gaps-in-corporate-bond-market" }, { "label": "Grip Invest FAQ: Sell Bonds Anytime", "url": "https://www.gripinvest.in/faq/grip-basics/sell-bonds-anytime" }, { "label": "RBI: Floating Rate Savings Bonds rate, Jul to Dec 2026", "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63065" }, { "label": "RBI: Floating Rate Savings Bonds 2020 (Taxable) terms", "url": "https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=50896" } ] }, { "slug": "how-is-bond-interest-taxed", "url": "https://comparebondplatforms.com/faq/how-is-bond-interest-taxed", "question": "How is bond interest taxed?", "shortAnswer": "Bond interest is added to your income and taxed at your slab rate, whether it comes from a corporate NCD, a G-sec or an SDL. If you sell a listed bond after holding it more than 12 months the gain is taxed at 12.5% without indexation; if you hold it 12 months or less, or the bond is unlisted or a market-linked debenture, the gain is taxed at slab (rules in force since 23rd Jul 2024).", "category": "tax", "verifiedAt": "2026-10-17", "sources": [ { "label": "TDSMAN: TDS on interest on securities, section 393(1) replacing section 193", "url": "https://blog.tdsman.com/2026/04/tds-on-interest-on-securities-section-3931-section-193/" }, { "label": "Zerodha support: taxes on G-secs and T-bills", "url": "https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/govt-securities/articles/gsecs-taxes" }, { "label": "Business Standard: Budget 2024 capital gains changes", "url": "https://www.business-standard.com/amp/finance/personal-finance/budget-2024-all-the-key-changes-to-capital-gains-tax-explained-124072500330_1.html" }, { "label": "TaxTMI note on section 50AA", "url": "https://www.taxtmi.com/tmi_notes?id=1217" }, { "label": "Outlook Money: market-linked debentures taxed at slab", "url": "https://outlookmoney.com/news/budget-2023-24-market-linked-debentures-to-attract-higher-tax-listed-debenture-to-come-under-tds-news-258598" }, { "label": "ICICI Direct bonds page (54EC terms)", "url": "https://icicidirect.com/bonds" }, { "label": "TradingQnA: capital gain or loss on a tax-free bond", "url": "https://tradingqna.com/t/tax-treatment-for-the-capital-gain-loss-part-on-a-tax-free-interest-bond/137320" }, { "label": "EY: Budget 2023 widens the scope of TDS", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "Vinod Kothari: TDS on listed debentures, Feb 2023", "url": "https://vinodkothari.com/2023/02/a-shocker-for-the-bond-markets/" }, { "label": "TradingQnA: bond interest taxation and accrued interest (Quicko reply)", "url": "https://tradingqna.com/t/bond-interest-taxation/195818" } ] }, { "slug": "tds-on-bond-interest", "url": "https://comparebondplatforms.com/faq/tds-on-bond-interest", "question": "Is TDS deducted on bond and NCD interest?", "shortAnswer": "Yes. Since 1st Apr 2023 issuers deduct 10% TDS from interest on listed debentures and NCDs (20% if your PAN is not on record), including bonds issued before that date. From 1st Apr 2026 the rule sits in section 393(1) of the Income-tax Act 2025 at the same rate, and 54EC capital gain bond interest is paid without TDS.", "category": "tax", "verifiedAt": "2026-10-17", "sources": [ { "label": "EY: Budget 2023 widens the scope of TDS", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "Vinod Kothari: TDS on listed debentures, Feb 2023", "url": "https://vinodkothari.com/2023/02/a-shocker-for-the-bond-markets/" }, { "label": "TradingQnA: PSA, TDS on listed NCDs from 1st Apr 2023", "url": "https://tradingqna.com/t/psa-tds-on-listed-ncds-from-1st-april-2023/144812" }, { "label": "GoldenPi blog: TDS on bonds", "url": "https://goldenpi.com/blog/bond-news/tds-on-bonds-common-mistakes-that-can-cost-you/" }, { "label": "TDSMAN: section 393(1) replacing section 193", "url": "https://blog.tdsman.com/2026/04/tds-on-interest-on-securities-section-3931-section-193/" }, { "label": "ICICI Direct bonds page (54EC terms)", "url": "https://icicidirect.com/bonds" }, { "label": "RBI: Floating Rate Savings Bonds 2020 (Taxable) terms", "url": "https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=50896" }, { "label": "Grip Invest FAQ (Form 121)", "url": "https://www.gripinvest.in/faq" }, { "label": "Reddit: Stable Money bond TDS and Form 121", "url": "https://www.reddit.com/r/personalfinanceindia/comments/1vxqnny/stable_money_bond_tds_form_121_goes_to_the_app_or/" }, { "label": "TradingQnA: wrong TDS deduction in NCD", "url": "https://tradingqna.com/t/wrong-tds-deduction-in-ncd/162062" } ] }, { "slug": "sgb-tax-free-secondary-market", "url": "https://comparebondplatforms.com/faq/sgb-tax-free-secondary-market", "question": "Is an SGB bought on the exchange still tax-free at maturity?", "shortAnswer": "As reported after Budget 2026, no: from 1st Apr 2026 the capital gains exemption on SGB redemption applies only to original subscribers who hold to maturity, so an SGB bought on the exchange and redeemed with RBI would be taxed as a long-term gain at 12.5% if held more than 12 months. This rests on a Quicko reply and forum threads, not on the enacted Finance Act text, so confirm it before relying on it.", "category": "tax", "verifiedAt": "2026-10-17", "sources": [ { "label": "TradingQnA: SGB taxation post budget (Quicko reply, Feb 2026)", "url": "https://tradingqna.com/t/sgb-taxation-post-budget/191346" }, { "label": "TradingQnA: ITR and SGB for AY 2026-27", "url": "https://tradingqna.com/t/itr-sgb-for-ay-2026-27/195917" }, { "label": "TradingQnA: tax implications of SGB bought from the secondary market", "url": "https://tradingqna.com/t/tax-implications-of-sgb-bought-from-the-secondary-market/162371" }, { "label": "TradingQnA: taxation on Sovereign Gold Bonds in India", "url": "https://tradingqna.com/t/taxation-on-sovereign-gold-bonds-sgbs-in-india/105057" }, { "label": "TradingQnA: exit option on SGB after 5 years", "url": "https://tradingqna.com/t/exit-option-on-sgb-after-5-years/77446" }, { "label": "Business Standard: Budget 2024 capital gains changes", "url": "https://www.business-standard.com/amp/finance/personal-finance/budget-2024-all-the-key-changes-to-capital-gains-tax-explained-124072500330_1.html" }, { "label": "Outlook Money: SGB issuance paused", "url": "https://www.outlookmoney.com/invest/government-to-discontinue-sgb-fm-nirmala-sitharaman-says-yes-in-a-way-on-discontinuation-of-scheme" }, { "label": "RBI press release on RBI Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" } ] }, { "slug": "how-to-buy-t-bills", "url": "https://comparebondplatforms.com/faq/how-to-buy-t-bills", "question": "How do I buy T-bills and what yield will I get?", "shortAnswer": "Place a non-competitive bid through RBI Retail Direct or your broker before the weekly auction; you are allotted at the weighted average auction price, the minimum is ₹10,000, and you receive ₹100 per unit at maturity. A 91 day T-bill allotted at ₹98.25 earns 1.78% over 91 days, which annualises to about 7.14%; bids are free on RBI Retail Direct, Zerodha and Fyers and cost 0.06% plus GST at Upstox and HDFC Securities.", "category": "government", "verifiedAt": "2026-10-17", "sources": [ { "label": "RBI press release on RBI Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "Business Standard: RBI Retail Direct T-bill auto-bidding, 6th Aug 2025", "url": "https://www.business-standard.com/amp/markets/capital-market-news/rbi-introduces-auto-bidding-facilities-in-rbi-retail-direct-for-investment-and-re-investment-in-t-bills-125080600420_1.html" }, { "label": "NSE non-competitive bidding page", "url": "https://www.nseindia.com/products/content/debt/ncbp/about_ncbp.htm" }, { "label": "NSE circular IPO69351: goBID app discontinued from 30th Jul 2025", "url": "https://nsearchives.nseindia.com/content/circulars/IPO69351.pdf" }, { "label": "Fyers support: bond charges and cut-off timings", "url": "https://support.fyers.in/portal/en/kb/articles/what-are-the-charges-and-cut-off-timings-for-investing-in-bonds-via-fyers" }, { "label": "HDFC Securities G-sec page", "url": "https://www.hdfcsec.com/g-sec-bonds" }, { "label": "Upstox help: charges for T-bills, SDLs and G-secs", "url": "https://upstox.com/help-center/t-260857" }, { "label": "TradingQnA: Zerodha staff on G-sec bid fees", "url": "https://tradingqna.com/t/brokarage-in-government-bonds/145475" }, { "label": "TradingQnA: T-bills 91 day yield", "url": "https://tradingqna.com/t/t-bills-91-day-yield/153046" }, { "label": "TradingQnA: 91 day T-bill debited ₹100 per unit", "url": "https://tradingqna.com/t/bought-91-day-tbills-was-offered-at-100rs-per-unit-debited-100rs/151375" }, { "label": "Zerodha support: taxes on G-secs and T-bills", "url": "https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/govt-securities/articles/gsecs-taxes" } ] }, { "slug": "record-date-and-interest-payment", "url": "https://comparebondplatforms.com/faq/record-date-and-interest-payment", "question": "When is interest paid, and do I get it if I sell before the record date?", "shortAnswer": "A bond's coupon goes to whoever holds it in demat on the record date, which falls before the payment date; if your sale settles before the record date, the buyer gets that coupon. You still collect the interest earned while you held the bond, because the buyer pays accrued interest: inside the dirty price on the NSE or BSE order book, or as a separate amount on RFQ. A ₹1 lakh bond with a 9% annual coupon pays ₹9,000 to the record date holder.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "Jiraaf FAQ (settlement timing)", "url": "https://www.jiraaf.com/faq" }, { "label": "GoldenPi llms.txt (process and settlement)", "url": "https://goldenpi.com/llms.txt" }, { "label": "NSE exchange circulars (NSE/CMTR/39581, 4th Dec 2018)", "url": "https://www.nseindia.com/resources/exchange-communication-circulars" }, { "label": "NSE Request for Quote platform", "url": "https://www.nseindia.com/products-services/about-request-for-quote" }, { "label": "TradingQnA: interest not received after selling a day before the record date", "url": "https://tradingqna.com/t/not-received-interest-on-ncd-even-though-i-sold-just-one-day-before-record-date/54814" }, { "label": "SEBI NCS Master Circular, 15th Oct 2025 (Annex XXIB disclosures)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "Business Standard: Paytm Money launches bond investing, May 2023", "url": "https://www.business-standard.com/amp/finance/news/paytm-money-launches-bond-investing-on-platform-for-retail-investors-123052200659_1.html" }, { "label": "TradingQnA: interest payment dates for G-secs", "url": "https://tradingqna.com/t/interest-payment-dates-for-government-bonds-g-sec/144912" }, { "label": "TradingQnA: SGB interest and record dates", "url": "https://tradingqna.com/t/where-can-i-find-the-interest-payment-dates-and-record-date-for-interest-payments-on-sovereign-gold-bonds-sgbs/77798" }, { "label": "Stable Bonds terms and conditions", "url": "https://stablebonds.in/explore/compliance/term-and-condition" }, { "label": "TradingQnA: SGB bought from the secondary market", "url": "https://tradingqna.com/t/tax-implications-of-sgb-bought-from-the-secondary-market/162371" } ] }, { "slug": "which-bond-platform-is-better", "url": "https://comparebondplatforms.com/faq/which-bond-platform-is-better", "question": "GoldenPi vs IndiaBonds vs Wint vs Stable vs Grip: which is better?", "shortAnswer": "None of GoldenPi, Grip Invest, IndiaBonds, Stable Bonds and Wint Wealth wins on every count; they differ on custody, exit terms, products and regulatory record. GoldenPi credits bonds to your existing demat while Grip, IndiaBonds, Stable and Wint run their own depository participants; Grip charges 0.25% on its sell feature after about 2 months, Wint's sell-back is at its discretion, and SEBI fined GoldenPi ₹4.5 lakh and Wint ₹1 lakh for settling trades off the RFQ platform.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "GoldenPi llms.txt", "url": "https://goldenpi.com/llms.txt" }, { "label": "GoldenPi FAQ: charges", "url": "https://goldenpi.com/faq/about-goldenPi/how-much-does-GoldenPi-charge-for-its-services" }, { "label": "GoldenPi FAQ: selling before maturity", "url": "https://goldenpi.com/faq/bonds-and-ncs/how-can-i-sell-bonds-before-the-maturity-date" }, { "label": "Grip Invest FAQ: platform overview", "url": "https://www.gripinvest.in/faq/grip-basics/platform-overview" }, { "label": "Grip Invest FAQ: Sell Bonds Anytime", "url": "https://www.gripinvest.in/faq/grip-basics/sell-bonds-anytime" }, { "label": "Grip Invest FAQ: corporate bonds", "url": "https://www.gripinvest.in/faq/asset-types/about-corporate-bonds" }, { "label": "IndiaBonds homepage", "url": "https://www.indiabonds.com/" }, { "label": "IndiaBonds terms and conditions", "url": "https://www.indiabonds.com/terms-and-conditions/" }, { "label": "Stable Bonds homepage", "url": "https://stablebonds.in/" }, { "label": "Stable Bonds terms and conditions", "url": "https://stablebonds.in/explore/compliance/term-and-condition" }, { "label": "Wint Wealth terms and conditions", "url": "https://www.wintwealth.com/terms-and-conditions/" }, { "label": "Wint Wealth about page", "url": "https://www.wintwealth.com/about-us/" }, { "label": "Inc42: how Wint Wealth built its bond business, May 2026", "url": "https://inc42.com/startups/how-wint-wealth-built-the-new-age-bond-market/" }, { "label": "NSE list of registered OBPPs, 14th Oct 2026", "url": "https://nsearchives.nseindia.com/web/sites/default/files/inline-files/List_of_Registered_OBPPs_NSE.xlsx" }, { "label": "BSE OBPP member list", "url": "https://www.bseindia.com/downloads1/OBP_MEMBER_LIST.zip" }, { "label": "SEBI adjudication order, Fourdegreewater Services (Wint Wealth), 21st Nov 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/nov-2025/1763731202909_1.pdf" }, { "label": "Moneylife: SEBI fines GoldenPi Securities and directors", "url": "https://moneylife.in/article/sebi-fines-goldenpi-securities-and-directors-rs45-lakh-for-regulatory-breaches/77848.html" }, { "label": "Entrackr: Oxyzo to acquire GoldenPi", "url": "https://entrackr.com/news/oxyzo-to-acquire-goldenpi-enters-retail-fixed-income-investment-space-11852126" }, { "label": "IndiaBonds archived Satya MicroCapital listing, Apr 2025", "url": "https://web.archive.org/web/20250417063541/https://www.indiabonds.com/bond-details/INE982X08091/3ebce3c2-43de-40c0-904b-0ee0d1fe96e5/" }, { "label": "Satya MicroCapital annual report FY 2025-26", "url": "https://satyamicrocapital.com/wp-content/uploads/2026/09/Annual_Report_FY_2025-26.pdf" }, { "label": "TradingQnA: comparing GoldenPi, Wint Wealth and Grip Invest", "url": "https://tradingqna.com/t/comparing-goldenpi-wint-wealth-and-grip-invest/193407" }, { "label": "Google Play: GoldenPi", "url": "https://play.google.com/store/apps/details?id=com.goldenpi.gpimobileapp" }, { "label": "Google Play: Grip Invest", "url": "https://play.google.com/store/apps/details?id=com.gripinvest.app" }, { "label": "Google Play: IndiaBonds", "url": "https://play.google.com/store/apps/details?id=com.indiabonds.mobile" }, { "label": "Google Play: Stable Money", "url": "https://play.google.com/store/apps/details?id=in.stablemoney.app" }, { "label": "Google Play: Wint Wealth", "url": "https://play.google.com/store/apps/details?id=com.fourdegreewater.wintwealth" } ] }, { "slug": "are-corporate-bonds-safe", "url": "https://comparebondplatforms.com/faq/are-corporate-bonds-safe", "question": "Are corporate bonds safe in India?", "shortAnswer": "Corporate bonds in India are as safe as the company that issued them, the security behind them and where they rank for repayment; there is no deposit insurance and the selling platform is not liable. Defaults do reach retail investors: TruCap Finance NCDs sold through bond platforms went to CARE D on 18th Jul 2025, and from about 21st Nov 2026 every bond platform must show a Credit Risk-o-Meter based on the lowest available rating.", "category": "safety", "verifiedAt": "2026-10-17", "sources": [ { "label": "TradingQnA: experience with A and BBB rated bonds", "url": "https://tradingqna.com/t/does-anyone-have-experience-with-a-stable-or-bbb-stable-bonds/164717" }, { "label": "India Ratings on Hella Infra Market, 1st Oct 2026", "url": "https://www.indiaratings.co.in/pressReleases/GetPressreleaseData?pressReleaseId=86007" }, { "label": "Acuité on Hella Infra Market", "url": "https://connect.acuite.in/fcompany-details/HELLA_INFRA_MARKET_RETAIL_PRIVATE_LIMITED/3rd_Sep_26" }, { "label": "Groww listing of Hella Infra Market NCD", "url": "https://groww.in/bonds/corporate-bonds/INE06E507579" }, { "label": "CARE Ratings on TruCap Finance, 18th Jul 2025", "url": "https://www.careratings.com/upload/CompanyFiles/PR/202507180744_TruCap_Finance_Limited.pdf" }, { "label": "Catalyst Trusteeship TruCap status report, 23rd Oct 2025", "url": "https://catalysttrustee.com/wp-content/uploads/2025/11/13.-TruCap-Status-Report-23.10.2025-1.pdf" }, { "label": "Mint: TruCap default sparks concerns over bond portals (reported, paywalled)", "url": "https://www.magzter.com/stories/newspaper/Mint-Chennai/TRUCAP-DEFAULT-SPARKS-FRESH-CONCERNS-OVER-BOND-PORTALS" }, { "label": "Satya MicroCapital annual report FY 2025-26", "url": "https://satyamicrocapital.com/wp-content/uploads/2026/09/Annual_Report_FY_2025-26.pdf" }, { "label": "SEBI circular on the Credit Risk-o-Meter, 7th Oct 2026", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791436170839.pdf" }, { "label": "TradingQnA: long G-sec trading below par", "url": "https://tradingqna.com/t/676gs2061-gs-why-it-is-so-undervalued/190687" }, { "label": "TradingQnA: need suggestion on corporate bonds", "url": "https://tradingqna.com/t/need-suggestion-on-corporate-bonds/188866" }, { "label": "SEBI NCS Master Circular, 15th Oct 2025 (OBPP advertising code)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" } ] }, { "slug": "high-yield-bonds-too-good-to-be-true", "url": "https://comparebondplatforms.com/faq/high-yield-bonds-too-good-to-be-true", "question": "Is a 12% to 15% bond too good to be true?", "shortAnswer": "A 12% to 15% bond is not a scam by default, but the extra yield is payment for risk: a weaker issuer, unsecured or subordinated ranking, a securitised structure, a high yield on a bond that repays principal early, or a bond that is hard to sell. With RBI Floating Rate Savings Bonds paying 8.05% for Jul to Dec 2026, a 14% bond pays about 6 points more, and that gap is the market's price for the chance of late or partial repayment.", "category": "safety", "verifiedAt": "2026-10-17", "sources": [ { "label": "Aspero homepage (live listings, 17th Oct 2026)", "url": "https://www.aspero.in/" }, { "label": "India Ratings on Hella Infra Market, 1st Oct 2026", "url": "https://www.indiaratings.co.in/pressReleases/GetPressreleaseData?pressReleaseId=86007" }, { "label": "Groww listing of Hella Infra Market NCD", "url": "https://groww.in/bonds/corporate-bonds/INE06E507579" }, { "label": "IndiaBonds archived Satya MicroCapital listing, Apr 2025", "url": "https://web.archive.org/web/20250417063541/https://www.indiabonds.com/bond-details/INE982X08091/3ebce3c2-43de-40c0-904b-0ee0d1fe96e5/" }, { "label": "Satya MicroCapital annual report FY 2025-26", "url": "https://satyamicrocapital.com/wp-content/uploads/2026/09/Annual_Report_FY_2025-26.pdf" }, { "label": "CRISIL rationale, PIRG SDI 4 Trust, 12th Mar 2025", "url": "https://www.crisilratings.com/mnt/winshare/Ratings/RatingList/RatingDocs/PIRGSDI4Trust_March%2012_%202025_RR_364743.html" }, { "label": "TradingQnA: Wint Wealth bonds for the 30% tax slab", "url": "https://tradingqna.com/t/is-it-worth-to-invest-for-wint-wealth-bond-for-people-in-30-tax-slab/136230" }, { "label": "Jiraaf FAQ", "url": "https://www.jiraaf.com/faq" }, { "label": "Reddit: are 12% senior secured bonds a better option?", "url": "https://www.reddit.com/r/IndianStockMarket/comments/1twofcj/arent_bonds_at_a_12_percent_returnsenior_secured/" }, { "label": "CARE Ratings on TruCap Finance, 18th Jul 2025", "url": "https://www.careratings.com/upload/CompanyFiles/PR/202507180744_TruCap_Finance_Limited.pdf" }, { "label": "Catalyst Trusteeship TruCap status report, 23rd Oct 2025", "url": "https://catalysttrustee.com/wp-content/uploads/2025/11/13.-TruCap-Status-Report-23.10.2025-1.pdf" }, { "label": "Wint Wealth App Store listing", "url": "https://apps.apple.com/in/app/wintwealth-9-12-fixed-return/id6446472037" }, { "label": "Aspero Google Play listing", "url": "https://play.google.com/store/apps/details?id=com.yubi.android.my.yubi.invest" }, { "label": "Business Today: SEBI proposes revamped ad code for bond portals", "url": "https://www.businesstoday.in/markets/story/fomo-fixed-return-sebi-proposes-revamped-ad-code-for-bond-portals-from-misleading-investors-550776-2026-08-22" }, { "label": "Taxmann: SEBI warns against unregistered online bond platforms", "url": "https://www.taxmann.com/post/blog/sebi-warns-investors-against-unregistered-online-bond-platforms/" }, { "label": "RBI: Floating Rate Savings Bonds rate, Jul to Dec 2026", "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63065" } ] }, { "slug": "sell-bonds-before-maturity", "url": "https://comparebondplatforms.com/faq/sell-bonds-before-maturity", "question": "Can I sell a bond before maturity?", "shortAnswer": "Yes, a listed bond can be sold before maturity, but a buyer is never guaranteed and the route depends on where you hold it. You can sell on the NSE or BSE order book through any broker, or use a platform's own sell feature: Grip charges 0.25% after about 2 months, InCred Money charges 2% of the latest market price after 21 days, Wint buys back at its discretion, and Jiraaf offers no resale facility.", "category": "buying", "verifiedAt": "2026-10-17", "sources": [ { "label": "Outlook Money: SEBI chairman on corporate bond market gaps, May 2026", "url": "https://www.outlookmoney.com/invest/sebi-chairman-tuhin-kanta-pandey-highlights-four-major-gaps-in-corporate-bond-market" }, { "label": "Aspero homepage FAQ", "url": "https://www.aspero.in/" }, { "label": "Bondbazaar FAQs", "url": "https://www.bondbazaar.com/faqs" }, { "label": "GoldenPi FAQ: selling before maturity", "url": "https://goldenpi.com/faq/bonds-and-ncs/how-can-i-sell-bonds-before-the-maturity-date" }, { "label": "Grip Invest FAQ: Sell Bonds Anytime", "url": "https://www.gripinvest.in/faq/grip-basics/sell-bonds-anytime" }, { "label": "InCred Money bonds terms of use", "url": "https://bonds.incredmoney.com/terms-of-use/" }, { "label": "Jiraaf FAQ", "url": "https://www.jiraaf.com/faq" }, { "label": "Stable Bonds terms and conditions", "url": "https://stablebonds.in/explore/compliance/term-and-condition" }, { "label": "Wint Wealth terms and conditions", "url": "https://www.wintwealth.com/terms-and-conditions/" }, { "label": "Business Standard: Paytm Money launches bond investing, May 2023", "url": "https://www.business-standard.com/amp/finance/news/paytm-money-launches-bond-investing-on-platform-for-retail-investors-123052200659_1.html" }, { "label": "Fyers support: bond charges and cut-off timings", "url": "https://support.fyers.in/portal/en/kb/articles/what-are-the-charges-and-cut-off-timings-for-investing-in-bonds-via-fyers" }, { "label": "Zerodha charges", "url": "https://zerodha.com/charges" }, { "label": "RBI press release on RBI Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "TradingQnA: anyone wants to sell G-secs of 2029 to 2040?", "url": "https://tradingqna.com/t/anyone-wants-to-sell-any-gsec-of-years-2029-to-2040/197649" }, { "label": "TradingQnA: exit option on SGB after 5 years", "url": "https://tradingqna.com/t/exit-option-on-sgb-after-5-years/77446" }, { "label": "Outlook Business: SEBI liquidity window", "url": "https://www.outlookbusiness.com/markets/sebis-liquidity-window-will-it-boost-retail-investor-confidence-in-indias-bond-market" } ] }, { "slug": "ytm-vs-coupon", "url": "https://comparebondplatforms.com/faq/ytm-vs-coupon", "question": "If the coupon is 9%, do I earn 9%? (YTM vs coupon)", "shortAnswer": "No. The 9% coupon is paid on face value, so what you earn depends on the price you pay: a 3 year bond with a 9% annual coupon bought at ₹1,020 per ₹1,000 face value yields about 8.22% to maturity, and bought at ₹980 it yields about 9.80%. Yields on bonds that repay principal early are accurate rates, but they produce less rupee interest than the same rate on a bond repaid at maturity.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI NCS Master Circular, 15th Oct 2025 (Annex XXIB disclosures)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "SEBI adjudication order, Fourdegreewater Services (Wint Wealth), 21st Nov 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/nov-2025/1763731202909_1.pdf" }, { "label": "TradingQnA: 7.33% GS 2026 seems overpriced at 105.77", "url": "https://tradingqna.com/t/7-33-gs-2026-seems-overpriced-at-105-77/156359" }, { "label": "NSE Request for Quote platform", "url": "https://www.nseindia.com/products-services/about-request-for-quote" }, { "label": "TradingQnA: Wint Wealth bonds for the 30% tax slab", "url": "https://tradingqna.com/t/is-it-worth-to-invest-for-wint-wealth-bond-for-people-in-30-tax-slab/136230" }, { "label": "TradingQnA: comparing GoldenPi, Wint Wealth and Grip Invest (yield comment)", "url": "https://tradingqna.com/t/comparing-goldenpi-wint-wealth-and-grip-invest/193407/17" }, { "label": "TradingQnA: unusually rising yield in a corporate bond", "url": "https://tradingqna.com/t/unusually-rising-yield-in-corp-bond/182919" } ] }, { "slug": "check-sebi-registration", "url": "https://comparebondplatforms.com/faq/check-sebi-registration", "question": "Is this bond platform SEBI registered? How do I check?", "shortAnswer": "SEBI keeps no bond platform list of its own; its OBPP page links to NSE's list (43 entities as on 14th Oct 2026, 39 enabled) and BSE's list (38 rows, 35 active). Find the app's legal entity and SEBI number (INZ followed by 9 digits) in its footer, match both to a row, and check that NSE does not show Not enabled and BSE does not show Inactive.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI OBPP page", "url": "https://www.sebi.gov.in/online-bond-platform-providers.html" }, { "label": "NSE list of registered OBPPs, 14th Oct 2026", "url": "https://nsearchives.nseindia.com/web/sites/default/files/inline-files/List_of_Registered_OBPPs_NSE.xlsx" }, { "label": "BSE OBPP member list (file dated 24th Sep 2026)", "url": "https://www.bseindia.com/downloads1/OBP_MEMBER_LIST.zip" }, { "label": "SEBI NCS Master Circular, 15th Oct 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "SEBI PR 75/2025: caution on unregistered online bond platforms, 19th Nov 2025", "url": "https://investor.sebi.gov.in/pdf/1763551749033.pdf" }, { "label": "SEBI interim order on altGraaf, Tap Invest and Stable Investments, 18th Nov 2024", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/nov-2024/1731934203234_1.pdf" }, { "label": "SEBI order listing: Fourdegreewater Services (Wint Wealth)", "url": "https://www.sebi.gov.in/enforcement/orders/nov-2025/adjudication-order-in-the-matter-of-inspection-of-fourdegreewater-services-private-limited-as-stock-broker-acting-as-an-online-bond-platform-provider_97884.html" }, { "label": "Wint Wealth about page", "url": "https://www.wintwealth.com/about-us/" }, { "label": "Digifinn homepage", "url": "https://www.digifinn.com/" }, { "label": "Dhan bonds page (404 on 17th Oct 2026)", "url": "https://dhan.co/bonds/" }, { "label": "Tap Invest homepage", "url": "https://tapinvest.in/" }, { "label": "BondScanner homepage", "url": "https://bondscanner.com/" }, { "label": "Prachay Securities homepage", "url": "https://prachay.com/" } ] }, { "slug": "are-bonds-in-my-demat", "url": "https://comparebondplatforms.com/faq/are-bonds-in-my-demat", "question": "Are the bonds I buy on a platform held in my own demat?", "shortAnswer": "Yes, bonds bought on a registered platform settle through the exchange clearing corporation into a demat account in your name, but it is not always the demat you already have. GoldenPi, Jiraaf, Altifi and BondScanner credit your existing demat, while Wint Wealth, Stable Bonds and Bondbazaar open a demat with their own depository participant (Wint's is NSDL DP IN304633), and users report that a second demat can end BSDA status.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "Altifi bond page (demat eligibility)", "url": "https://altifi.ai/bonds/corporate-bonds/aye-finance-limited/INE501X07745" }, { "label": "Aspero homepage FAQ", "url": "https://www.aspero.in/" }, { "label": "Aspero about page (DP licence)", "url": "https://www.aspero.in/about" }, { "label": "Bondbazaar FAQs", "url": "https://www.bondbazaar.com/faqs" }, { "label": "BondScanner terms and conditions", "url": "https://bondscanner.com/terms-and-conditions" }, { "label": "GoldenPi FAQ: what happens if GoldenPi shuts down", "url": "https://goldenpi.com/faq/about-goldenPi/what-happens-to-my-investment-if-GoldenPi-shuts-down" }, { "label": "Grip Invest FAQ: platform overview", "url": "https://www.gripinvest.in/faq/grip-basics/platform-overview" }, { "label": "Groww pricing page", "url": "https://groww.in/pricing" }, { "label": "IndiaBonds homepage", "url": "https://www.indiabonds.com/" }, { "label": "Jiraaf FAQ", "url": "https://www.jiraaf.com/faq" }, { "label": "Stable Bonds homepage", "url": "https://stablebonds.in/" }, { "label": "Wint Wealth about page", "url": "https://www.wintwealth.com/about-us/" }, { "label": "Wint Wealth terms and conditions", "url": "https://www.wintwealth.com/terms-and-conditions/" }, { "label": "TradingQnA: challenge in investing via Wint Wealth", "url": "https://tradingqna.com/t/challenge-in-investing-via-wint-wealth/175108" }, { "label": "TradingQnA: inter-depository transfer of REC bonds", "url": "https://tradingqna.com/t/transfer-of-rec-bonds-interdepository/121978" }, { "label": "Zerodha charges", "url": "https://zerodha.com/charges" }, { "label": "Reddit: multiple demat accounts and consolidated view", "url": "https://www.reddit.com/r/IndianStockMarket/comments/1oajkop/question_multiple_demat_accounts_how_do_i_see_a/" }, { "label": "RBI press release on RBI Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" } ] }, { "slug": "54ec-bonds-where-to-buy", "url": "https://comparebondplatforms.com/faq/54ec-bonds-where-to-buy", "question": "54EC bonds: where to buy, limits and lock-in?", "shortAnswer": "54EC capital gain bonds are issued by REC, PFC, IRFC and HUDCO, pay 5.25% a year, lock in for 5 years and cannot be transferred or redeemed early; the maximum is ₹50 lakh and ICICI Direct sets the minimum at 2 bonds of ₹10,000 (₹20,000). You can buy them through brokers such as ICICI Direct and Bonds Kart and on several bond platforms, which SEBI allowed to offer them from 14th Aug 2026, and the interest is taxable at slab with no TDS.", "category": "government", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI circular, 14th Aug 2026: OBPP framework modification (54EC and section 85 bonds)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1786705729757.pdf" }, { "label": "SEBI consultation paper on OBPPs, 5th May 2026", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/may-2026/1777961305138.pdf" }, { "label": "ICICI Direct bonds page (54EC terms)", "url": "https://icicidirect.com/bonds" }, { "label": "ICICI Direct bonds FAQ", "url": "https://www.icicidirect.com/faqs/bonds" }, { "label": "Bonds Kart homepage", "url": "https://bondskart.com/" }, { "label": "Altifi homepage", "url": "https://altifi.ai/" }, { "label": "Aspero homepage", "url": "https://www.aspero.in/" }, { "label": "Loktej: BondsIndia renamed Digifinn, 17th Sep 2026", "url": "https://www.loktej.com/article/151669/bondsindia-changed-its-name-to-digifin" }, { "label": "GoldenPi llms.txt", "url": "https://goldenpi.com/llms.txt" }, { "label": "HDFC Securities G-sec and bonds page", "url": "https://www.hdfcsec.com/g-sec-bonds" }, { "label": "IndiaBonds homepage", "url": "https://www.indiabonds.com/" }, { "label": "TradingQnA: how to buy capital gain bonds on Zerodha", "url": "https://tradingqna.com/t/how-to-buy-capital-gain-bonds-on-zerodha/108824" } ] }, { "slug": "what-if-issuer-defaults", "url": "https://comparebondplatforms.com/faq/what-if-issuer-defaults", "question": "What happens if the bond issuer defaults?", "shortAnswer": "If an issuer misses a payment, the debenture trustee acts for all bondholders and can enforce any security or go to the insolvency courts, while the platform that sold you the bond is not liable to repay you. How much you get back, and when, depends on the security and seniority: TruCap Finance missed a ₹72.28 crore payment on 16th Jul 2025, and its trustee confirmed 6 ISINs fully repaid with penal interest by 23rd Oct 2025 while 1 ISIN stayed in default.", "category": "safety", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI NCS Master Circular, 15th Oct 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "CARE Ratings on TruCap Finance, 18th Jul 2025", "url": "https://www.careratings.com/upload/CompanyFiles/PR/202507180744_TruCap_Finance_Limited.pdf" }, { "label": "Catalyst Trusteeship TruCap status report, 23rd Oct 2025", "url": "https://catalysttrustee.com/wp-content/uploads/2025/11/13.-TruCap-Status-Report-23.10.2025-1.pdf" }, { "label": "Mint: TruCap default sparks concerns over bond portals (reported, paywalled)", "url": "https://www.magzter.com/stories/newspaper/Mint-Chennai/TRUCAP-DEFAULT-SPARKS-FRESH-CONCERNS-OVER-BOND-PORTALS" }, { "label": "Basunivesh: TruCap bond default (reported platform list)", "url": "https://www.basunivesh.com/trucap-bond-default-the-hidden-risk-of-high-yield-bonds/" }, { "label": "Inc42: Gensol insolvency and Catalyst Trusteeship petition against BluSmart", "url": "https://inc42.com/buzz/gensol-insolvency-nclt-admits-iredas-plea-on-inr-510-cr-default/" }, { "label": "Outlook Business: BluSmart bondholders raise repayment concerns", "url": "https://www.outlookbusiness.com/corporate/blusmart-bondholders-raise-repayment-concerns-as-operations-halt-heres-what-company-owes" }, { "label": "Wint Wealth App Store listing (developer replies)", "url": "https://apps.apple.com/in/app/wintwealth-9-12-fixed-return/id6446472037" }, { "label": "Random Dimes: Grip Invest 5 year experience (single investor account)", "url": "https://randomdimes.com/grip-invest-review-5-year-experience/" } ] }, { "slug": "how-to-buy-gsecs-and-sdls", "url": "https://comparebondplatforms.com/faq/how-to-buy-gsecs-and-sdls", "question": "How do I buy G-secs and SDLs?", "shortAnswer": "New G-secs and SDLs are bought as a non-competitive bid in RBI's auctions, either free through RBI Retail Direct or through a broker, from ₹10,000 face value, and you are allotted at the auction's weighted average price. G-secs and SDLs that are already trading can be bought on the NSE or BSE order book through any broker, where the price already includes accrued interest, or on NDS-OM through Retail Direct.", "category": "government", "verifiedAt": "2026-10-17", "sources": [ { "label": "RBI press release on Retail Direct (12th Jul 2021)", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "NSE non-competitive bidding", "url": "https://www.nseindia.com/products/content/debt/ncbp/about_ncbp.htm" }, { "label": "HDFC Securities G-sec page", "url": "https://www.hdfcsec.com/g-sec-bonds" }, { "label": "Fyers support: bond charges and cut-off timings", "url": "https://support.fyers.in/portal/en/kb/articles/what-are-the-charges-and-cut-off-timings-for-investing-in-bonds-via-fyers" }, { "label": "Upstox help: charges for T-bills, SDLs and G-secs", "url": "https://upstox.com/help-center/t-260857" }, { "label": "TradingQnA: Zerodha staff on G-sec fees", "url": "https://tradingqna.com/t/brokarage-in-government-bonds/145475" }, { "label": "NSE circular IPO69351 on goBID app", "url": "https://nsearchives.nseindia.com/content/circulars/IPO69351.pdf" }, { "label": "NSE circulars (NSE/CMTR/39581, NSE/CMTR/45096)", "url": "https://www.nseindia.com/resources/exchange-communication-circulars" }, { "label": "Zerodha support: charges on G-secs", "url": "https://support.zerodha.com/category/mutual-funds/government-securities/articles/charges-gsecs" }, { "label": "Vinod Kothari on Stamp Act amendments", "url": "https://vinodkothari.com/wp-content/uploads/2020/01/Recent-amendments-in-Indian-Stamp-Act.pdf" }, { "label": "TradingQnA G-sec issuance calendar", "url": "https://tradingqna.com/t/issuance-calendar-for-government-bonds-g-secs-goi-dated-securities/49990" } ] }, { "slug": "rbi-retail-direct-or-broker", "url": "https://comparebondplatforms.com/faq/rbi-retail-direct-or-broker", "question": "RBI Retail Direct or my broker: which should I use?", "shortAnswer": "RBI Retail Direct is free and holds your G-secs, T-bills, SDLs and SGBs in a gilt account with RBI, but it has no corporate bonds and its secondary market, the NDS-OM odd lot segment, can be thin. A broker keeps the same securities in your demat next to your shares and lets you sell on the exchange; Zerodha and Fyers charge nothing on primary bids, while Upstox and HDFC Securities charge 0.06% of allotment plus GST, about ₹71 on ₹1 lakh.", "category": "government", "verifiedAt": "2026-10-17", "sources": [ { "label": "RBI press release on Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "Business Standard: T-bill auto-bidding on Retail Direct", "url": "https://www.business-standard.com/amp/markets/capital-market-news/rbi-introduces-auto-bidding-facilities-in-rbi-retail-direct-for-investment-and-re-investment-in-t-bills-125080600420_1.html" }, { "label": "Angel One: auto-bid needs a NACH mandate", "url": "https://www.angelone.in/news/market-updates/rbi-streamlines-t-bill-investments-with-new-auto-bidding-feature" }, { "label": "Outlook Money: ₹25,000 minimum for the T-bill SIP (unverified)", "url": "https://www.outlookmoney.com/invest/rbi-launches-sip-for-investing-in-treasury-bills-via-retail-direct-platform" }, { "label": "Zerodha charges", "url": "https://zerodha.com/charges" }, { "label": "TradingQnA: Zerodha staff on G-sec fees", "url": "https://tradingqna.com/t/brokarage-in-government-bonds/145475" }, { "label": "Fyers support: charges and cut-offs", "url": "https://support.fyers.in/portal/en/kb/articles/what-are-the-charges-and-cut-off-timings-for-investing-in-bonds-via-fyers" }, { "label": "Fyers support: pledging bonds", "url": "https://support.fyers.in/portal/en/kb/articles/can-i-pledge-bonds-corporate-g-secs-t-bills-sdls-sgbs-as-collateral-on-fyers" }, { "label": "Upstox help: G-sec charges", "url": "https://upstox.com/help-center/t-260857" }, { "label": "HDFC Securities G-sec page", "url": "https://www.hdfcsec.com/g-sec-bonds" }, { "label": "TradingQnA AMA on government bonds", "url": "https://tradingqna.com/t/ask-us-anything-about-investing-in-government-bonds-treasury-bills-t-bills-and-state-development-bonds-sdls/145036" } ] }, { "slug": "sgb-premium-discount", "url": "https://comparebondplatforms.com/faq/sgb-premium-discount", "question": "Why do SGBs trade at a premium or discount to gold?", "shortAnswer": "An SGB on the exchange is priced by buyers and sellers, not by RBI, and it carries more than gold: fixed interest paid on its original issue price, a tax treatment that now depends on whether you subscribed or bought later, and a thin order book. With no new tranche issued since Feb 2024, supply is fixed, so prices have swung both ways, from about 7% above gold to below it.", "category": "government", "verifiedAt": "2026-10-17", "sources": [ { "label": "Outlook Money: FM on SGB discontinuation (Feb 2025)", "url": "https://www.outlookmoney.com/invest/government-to-discontinue-sgb-fm-nirmala-sitharaman-says-yes-in-a-way-on-discontinuation-of-scheme" }, { "label": "Outlook Business: SGB issuance paused since Feb 2024", "url": "https://www.outlookbusiness.com/ampstories/markets/sovereign-gold-bond-issuance-paused-since-feb-2024heres-when-next-tranche-may-arrive" }, { "label": "TradingQnA: SGBs trading 7% above gold", "url": "https://tradingqna.com/t/sovereign-gold-bonds-are-trading-7-higher-than-actual-gold-prices-why/169758" }, { "label": "TradingQnA: SGBs trading below intrinsic value", "url": "https://tradingqna.com/t/why-are-sgbs-trading-below-their-intrinsic-value/181250" }, { "label": "TradingQnA: price difference between SGB series and spot gold", "url": "https://tradingqna.com/t/why-is-there-a-price-difference-between-the-different-traded-sgbs-and-spot-gold/171457" }, { "label": "TradingQnA: SGB pricing in secondary market", "url": "https://tradingqna.com/t/sgb-pricing-in-secondary-market/171458" }, { "label": "TradingQnA: tax on SGB bought in the secondary market", "url": "https://tradingqna.com/t/tax-implications-of-sgb-bought-from-the-secondary-market/162371" }, { "label": "TradingQnA: SGB taxation post Budget 2026", "url": "https://tradingqna.com/t/sgb-taxation-post-budget/191346" }, { "label": "TradingQnA: ITR and SGB for AY 2026-27", "url": "https://tradingqna.com/t/itr-sgb-for-ay-2026-27/195917" } ] }, { "slug": "can-nris-buy-bonds", "url": "https://comparebondplatforms.com/faq/can-nris-buy-bonds", "question": "Can NRIs buy bonds in India?", "shortAnswer": "Yes, through some channels: RBI Retail Direct accepts non-residents who are eligible under FEMA 1999 for G-secs, T-bills, SDLs and SGBs, and IndiaBonds advertises NRI access, while Grip Invest and Jiraaf do not accept NRIs. Rules differ by platform, product and account type (NRO, NRE, PIS or non-PIS), and this site has not verified each platform's NRI terms, so confirm with the platform before you open an account.", "category": "buying", "verifiedAt": "2026-10-17", "sources": [ { "label": "RBI press release on Retail Direct (non-resident eligibility)", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "IndiaBonds homepage", "url": "https://www.indiabonds.com/" }, { "label": "Bonds Kart homepage", "url": "https://bondskart.com/" }, { "label": "SMEST FAQs", "url": "https://smest.in/faqs" }, { "label": "Fyers support: pledging and NRI access", "url": "https://support.fyers.in/portal/en/kb/articles/can-i-pledge-bonds-corporate-g-secs-t-bills-sdls-sgbs-as-collateral-on-fyers" }, { "label": "Zerodha support: government securities", "url": "https://support.zerodha.com/category/trading-and-markets/general-kite/govt-securities" }, { "label": "Altifi homepage", "url": "https://altifi.ai/" }, { "label": "Grip FAQ: sign-up and KYC", "url": "https://www.gripinvest.in/faq/grip-basics/sign-up-%26-kyc" }, { "label": "Jiraaf FAQ", "url": "https://www.jiraaf.com/faq" }, { "label": "Google autocomplete: can nri invest in bonds", "url": "https://suggestqueries.google.com/complete/search?client=firefox&gl=in&hl=en&q=can+nri+invest+in+bonds" } ] }, { "slug": "same-bond-different-yield", "url": "https://comparebondplatforms.com/faq/same-bond-different-yield", "question": "Why does the same bond show a different yield on two apps?", "shortAnswer": "Many bond apps sell from their own inventory and build their margin into the price, and SEBI's list of what a platform must show for each bond includes clean price, dirty price and YTM but no line for the platform's own spread, so the same ISIN can show different yields on 2 apps on the same day. Gaps also come from comparing a clean price with a dirty one, or quotes taken at different times.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "NSE and BSE joint investor advisory (Jul 2025)", "url": "https://nsearchives.nseindia.com//web/pressrelease/2025-07/PR_cc_11072025_20250711164310.pdf" }, { "label": "SEBI NCS Master Circular, Chapter XXI and Annex XXIB", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "SEBI Credit Risk-o-Meter circular (7th Oct 2026)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791436170839.pdf" }, { "label": "SEBI consultation paper on OBPP advertisements (Aug 2026)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1787568927408.pdf" }, { "label": "BondScanner homepage", "url": "https://bondscanner.com/" }, { "label": "Stable Bonds terms and conditions", "url": "https://stablebonds.in/explore/compliance/term-and-condition" }, { "label": "Jiraaf FAQ", "url": "https://www.jiraaf.com/faq" }, { "label": "Inc42 on Wint Wealth (May 2026)", "url": "https://inc42.com/startups/how-wint-wealth-built-the-new-age-bond-market/" }, { "label": "SMEST terms of use", "url": "https://smest.in/terms-of-use" }, { "label": "NSE RFQ", "url": "https://www.nseindia.com/products-services/about-request-for-quote" }, { "label": "SEBI adjudication order on Wint Wealth (21st Nov 2025)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/nov-2025/1763731202909_1.pdf" }, { "label": "Reddit: same bond, different YTM", "url": "https://www.reddit.com/r/personalfinanceindia/comments/1vl6cks/same_bond_different_ytm_on_stable_money_and_wint/" } ] }, { "slug": "bonds-for-30-percent-tax-slab", "url": "https://comparebondplatforms.com/faq/bonds-for-30-percent-tax-slab", "question": "I'm in the 30% slab: are 10% to 12% bonds worth it?", "shortAnswer": "Bond interest is taxed at your slab, so in the 30% slab a 10% bond yields about 7% after tax and a 12% bond about 8.4%, before cess and surcharge. Tax shrinks the extra reward over safer options by the same 30%, but it does nothing to the credit risk, so the useful comparison is post-tax yield against an alternative with the same credit quality.", "category": "tax", "verifiedAt": "2026-10-17", "sources": [ { "label": "TradingQnA: Wint Wealth bonds in the 30% slab", "url": "https://tradingqna.com/t/is-it-worth-to-invest-for-wint-wealth-bond-for-people-in-30-tax-slab/136230" }, { "label": "Business Standard: Budget 2024 capital gains changes", "url": "https://www.business-standard.com/amp/finance/personal-finance/budget-2024-all-the-key-changes-to-capital-gains-tax-explained-124072500330_1.html" }, { "label": "TaxTMI note on section 50AA", "url": "https://www.taxtmi.com/tmi_notes?id=1217" }, { "label": "Outlook Money: market linked debentures taxed at slab", "url": "https://outlookmoney.com/news/budget-2023-24-market-linked-debentures-to-attract-higher-tax-listed-debenture-to-come-under-tds-news-258598" }, { "label": "EY: TDS on listed debentures from 1st Apr 2023", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "TDSMAN: section 393(1) of the Income-tax Act 2025", "url": "https://blog.tdsman.com/2026/04/tds-on-interest-on-securities-section-3931-section-193/" }, { "label": "TradingQnA: capital gain on a tax-free bond", "url": "https://tradingqna.com/t/tax-treatment-for-the-capital-gain-loss-part-on-a-tax-free-interest-bond/137320" } ] }, { "slug": "buy-bonds-on-zerodha", "url": "https://comparebondplatforms.com/faq/buy-bonds-on-zerodha", "question": "How do I buy corporate bonds on Zerodha?", "shortAnswer": "As of 17th Oct 2026 Zerodha has no online bond platform for corporate bonds: NSE's OBPP list, updated 14th Oct 2026, shows Zerodha Broking as \"Not enabled\". You can still buy listed NCDs and bonds on the Kite exchange order book like a share, and bid for G-secs, T-bills and SDLs with no Zerodha fee since 1st Mar 2024; bond IPOs must be applied for through net banking ASBA.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "NSE list of registered OBPPs (14th Oct 2026)", "url": "https://nsearchives.nseindia.com/web/sites/default/files/inline-files/List_of_Registered_OBPPs_NSE.xlsx" }, { "label": "BSE OBPP member list (24th Sep 2026)", "url": "https://www.bseindia.com/downloads1/OBP_MEMBER_LIST.zip" }, { "label": "TradingQnA: Zerodha staff on bonds and bond IPOs (Apr 2026)", "url": "https://tradingqna.com/t/bonds-and-bond-ipos/193338" }, { "label": "TradingQnA: Zerodha corporate bonds on Coin", "url": "https://tradingqna.com/t/introducing-the-zerodha-corporate-bonds-platform/81350" }, { "label": "TradingQnA: how to buy corporate bonds using Zerodha", "url": "https://tradingqna.com/t/how-to-buy-corporate-bonds-using-zerodha/174455" }, { "label": "TradingQnA: bonds platform on Zerodha", "url": "https://tradingqna.com/t/190659" }, { "label": "Free Press Journal (26th Aug 2026)", "url": "https://www.freepressjournal.in/business/zerodha-angel-one-get-sebi-nod-to-offer-corporate-bonds" }, { "label": "Zerodha charges", "url": "https://zerodha.com/charges" }, { "label": "Zerodha support: government securities", "url": "https://support.zerodha.com/category/trading-and-markets/general-kite/govt-securities" }, { "label": "TradingQnA: NCD dirty price and accrued interest", "url": "https://tradingqna.com/t/ncd-bonds-dirty-price-accrued-interest/195751" } ] }, { "slug": "minimum-investment-in-bonds", "url": "https://comparebondplatforms.com/faq/minimum-investment-in-bonds", "question": "What is the minimum investment? Can I start with ₹1,000?", "shortAnswer": "Sometimes: Bondbazaar and IndiaBonds state a ₹1,000 minimum for corporate bonds and Bondbazaar quotes ₹100 for G-secs, but most corporate bonds on bond apps cost about ₹10,000 or about ₹1 lakh per unit. SEBI only allowed ₹10,000 face value for privately placed bonds from 3rd Jul 2024, and \"start with ₹100\" adverts often meet live listings near ₹10,000.", "category": "buying", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI NCS Master Circular, Chapter V", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "Taxmann: ₹10,000 face value extended to zero coupon debt", "url": "https://www.taxmann.com/post/blog/sebi-allows-zero-coupon-debt-securities-at-reduced-denomination-of-rs-10000" }, { "label": "Groww: bond IPOs", "url": "https://groww.in/updates/bond-ipos-on-groww" }, { "label": "Stable Bonds homepage", "url": "https://stablebonds.in/" }, { "label": "Grip FAQ: corporate bonds", "url": "https://www.gripinvest.in/faq/asset-types/about-corporate-bonds" }, { "label": "Altifi homepage and bond page", "url": "https://altifi.ai/bonds/corporate-bonds/aye-finance-limited/INE501X07745" }, { "label": "Aspero homepage", "url": "https://www.aspero.in/" }, { "label": "Bondbazaar FAQ", "url": "https://www.bondbazaar.com/faqs" }, { "label": "Bonds Kart homepage", "url": "https://bondskart.com/" }, { "label": "GoldenPi llms.txt", "url": "https://goldenpi.com/llms.txt" }, { "label": "HDFC Securities G-sec page", "url": "https://www.hdfcsec.com/g-sec-bonds" }, { "label": "ICICI Direct bonds page", "url": "https://icicidirect.com/bonds" } ] }, { "slug": "what-if-platform-shuts-down", "url": "https://comparebondplatforms.com/faq/what-if-platform-shuts-down", "question": "What happens to my bonds if the platform shuts down?", "shortAnswer": "Bonds bought through a SEBI registered platform settle through the exchange clearing corporation into a demat account in your name, so they remain yours and the issuer still owes you interest and principal if the platform closes. What you can lose is anything only the platform provides, such as Wint Wealth's sell-back or Grip's Sell Bonds Anytime, and if the platform also ran your demat you may have to move it.", "category": "safety", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI NCS Master Circular, Annex XXIA", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "GoldenPi FAQ: if GoldenPi shuts down", "url": "https://goldenpi.com/faq/about-goldenPi/what-happens-to-my-investment-if-GoldenPi-shuts-down" }, { "label": "Grip FAQ: platform overview", "url": "https://www.gripinvest.in/faq/grip-basics/platform-overview" }, { "label": "IndiaBonds terms and conditions", "url": "https://www.indiabonds.com/terms-and-conditions/" }, { "label": "Stable Money terms and conditions", "url": "https://stablemoney.in/compliance/terms-and-conditions" }, { "label": "Wint Wealth terms and conditions", "url": "https://www.wintwealth.com/terms-and-conditions/" }, { "label": "Grip FAQ: Sell Bonds Anytime", "url": "https://www.gripinvest.in/faq/grip-basics/sell-bonds-anytime" }, { "label": "InCred Money bond terms", "url": "https://bonds.incredmoney.com/terms-of-use/" }, { "label": "BSE OBPP member list", "url": "https://www.bseindia.com/downloads1/OBP_MEMBER_LIST.zip" }, { "label": "SEBI PR 75/2025 on unregistered OBPPs", "url": "https://investor.sebi.gov.in/pdf/1763551749033.pdf" }, { "label": "SEBI interim order (18th Nov 2024)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/nov-2024/1731934203234_1.pdf" } ] }, { "slug": "clean-price-vs-dirty-price", "url": "https://comparebondplatforms.com/faq/clean-price-vs-dirty-price", "question": "Clean price vs dirty price: do I pay accrued interest?", "shortAnswer": "Yes, you always pay the seller the interest accrued since the last coupon date; the venue only decides whether you see it as a separate line. On the NSE and BSE order book used by broker apps, G-secs, SDLs and listed bonds trade at the dirty price with accrued interest already inside, while the RFQ platform used by bond apps and RBI's NDS-OM quote a clean price and add accrued interest separately.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "NSE circulars NSE/CMTR/39581, NSE/CMTR/45096, NSE/CMTR/61813", "url": "https://www.nseindia.com/resources/exchange-communication-circulars" }, { "label": "NSE Request for Quote platform", "url": "https://www.nseindia.com/products-services/about-request-for-quote" }, { "label": "SEBI NCS Master Circular, Annex XXIB", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "Zerodha support: government securities", "url": "https://support.zerodha.com/category/trading-and-markets/general-kite/govt-securities" }, { "label": "Business Standard: Paytm Money bonds launch (May 2023)", "url": "https://www.business-standard.com/amp/finance/news/paytm-money-launches-bond-investing-on-platform-for-retail-investors-123052200659_1.html" }, { "label": "TradingQnA: NCD dirty price and accrued interest", "url": "https://tradingqna.com/t/ncd-bonds-dirty-price-accrued-interest/195751" }, { "label": "TradingQnA: charges to buy an NCD through GoldenPi", "url": "https://tradingqna.com/t/charges-to-buy-ncd-through-goldenpi/150465" }, { "label": "TradingQnA: clean price of corporate bond", "url": "https://tradingqna.com/t/clean-price-of-corporate-bond/189893" } ] }, { "slug": "monthly-interest-bonds", "url": "https://comparebondplatforms.com/faq/monthly-interest-bonds", "question": "Which bonds pay monthly interest, and what is the catch?", "shortAnswer": "Monthly interest is a term of each individual bond, set in its offer document, and SEBI requires bond platforms to show coupon frequency for every bond they list, so you can filter for it; Groww, for example, filters by payout frequency. The catch is that a monthly payout says nothing about safety, some monthly payers also repay principal in instalments so the headline yield pays less rupee interest than it seems, and 10% TDS comes off each listed NCD coupon.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI NCS Master Circular, Annex XXIB", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "Groww bonds page", "url": "https://groww.in/bonds" }, { "label": "Groww: bond IPOs", "url": "https://groww.in/updates/bond-ipos-on-groww" }, { "label": "TradingQnA: NCD monthly interest payout", "url": "https://tradingqna.com/t/ncds-monthly-interest-payout/101951" }, { "label": "Reddit: corporate bonds on Groww with monthly payout", "url": "https://www.reddit.com/r/personalfinanceindia/comments/1uw1ft9/corporate_bonds_on_groww_look_really_good_11/" }, { "label": "BondScanner deal page (17th Oct 2026)", "url": "https://bondscanner.com/deal-details/INE0P6G07194/5ELMA1QE93" }, { "label": "TradingQnA: Wint Wealth bonds in the 30% slab", "url": "https://tradingqna.com/t/is-it-worth-to-invest-for-wint-wealth-bond-for-people-in-30-tax-slab/136230" }, { "label": "EY: TDS on listed debentures", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "Stable Bonds terms and conditions", "url": "https://stablebonds.in/explore/compliance/term-and-condition" } ] }, { "slug": "credit-ratings-and-risk-o-meter", "url": "https://comparebondplatforms.com/faq/credit-ratings-and-risk-o-meter", "question": "What do AAA, AA, A and BBB mean, and what is the Credit Risk-o-Meter?", "shortAnswer": "AAA, AA, A and BBB are the investment grade rating bands used by Indian agencies such as CRISIL, ICRA, CARE, India Ratings and Acuité, with AAA the strongest; BB and below is sub-investment grade and D means default. From about 21st Nov 2026 every SEBI registered bond platform must show a Credit Risk-o-Meter with 6 levels, from Lowest for AAA to High to very high risk of default for B, C and D, based on the lowest rating the bond holds.", "category": "safety", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI circular: Credit Risk-o-Meter (7th Oct 2026)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791436170839.pdf" }, { "label": "SEBI circular page: Credit Risk-o-Meter", "url": "https://www.sebi.gov.in/legal/circulars/oct-2026/introduction-of-credit-risk-o-meter-as-an-additional-disclosure-mechanism-for-debt-securities_105081.html" }, { "label": "SEBI NCS Master Circular, Annex XXIB", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "India Ratings press release on Hella Infra Market (1st Oct 2026)", "url": "https://www.indiaratings.co.in/pressReleases/GetPressreleaseData?pressReleaseId=86007" }, { "label": "Acuité: Hella Infra Market Retail", "url": "https://connect.acuite.in/fcompany-details/HELLA_INFRA_MARKET_RETAIL_PRIVATE_LIMITED/3rd_Sep_26" }, { "label": "Groww bond listing", "url": "https://groww.in/bonds/corporate-bonds/INE06E507579" }, { "label": "BondScanner deal page", "url": "https://bondscanner.com/deal-details/INE06E507579/SA799R5LXI" }, { "label": "CARE rating rationale: TruCap Finance (18th Jul 2025)", "url": "https://www.careratings.com/upload/CompanyFiles/PR/202507180744_TruCap_Finance_Limited.pdf" }, { "label": "Catalyst Trusteeship status report on TruCap", "url": "https://catalysttrustee.com/wp-content/uploads/2025/11/13.-TruCap-Status-Report-23.10.2025-1.pdf" }, { "label": "TradingQnA: A and BBB rated bonds", "url": "https://tradingqna.com/t/does-anyone-have-experience-with-a-stable-or-bbb-stable-bonds/164717" }, { "label": "Aspero about page", "url": "https://www.aspero.in/about" }, { "label": "Bonds Kart about page", "url": "https://bondskart.com/about" } ] }, { "slug": "secured-vs-unsecured-vs-subordinated", "url": "https://comparebondplatforms.com/faq/secured-vs-unsecured-vs-subordinated", "question": "Secured vs unsecured vs subordinated: which is safer?", "shortAnswer": "Seniority only sets the order in which bondholders are repaid if the issuer fails: secured holders recover first from the assets charged to them, then senior unsecured holders, then subordinated holders, with perpetual and AT1 bonds last. \"Senior secured\" describes that ranking, not a guarantee, because what you recover still depends on what the assets fetch and how fast the debenture trustee can enforce.", "category": "safety", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI NCS Master Circular, Annex XXIB", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "SEBI circular: Credit Risk-o-Meter", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791436170839.pdf" }, { "label": "Archived IndiaBonds page for INE982X08091 (Apr 2025)", "url": "https://web.archive.org/web/20250417063541/https://www.indiabonds.com/bond-details/INE982X08091/3ebce3c2-43de-40c0-904b-0ee0d1fe96e5/" }, { "label": "Satya MicroCapital annual report FY 2025-26", "url": "https://satyamicrocapital.com/wp-content/uploads/2026/09/Annual_Report_FY_2025-26.pdf" }, { "label": "ICRA rationale on Satya MicroCapital", "url": "https://www.icra.in/Rating/ShowRationalReportFilePdfViewer/145583" }, { "label": "Reddit: 12% senior secured bonds", "url": "https://www.reddit.com/r/IndianStockMarket/comments/1twofcj/arent_bonds_at_a_12_percent_returnsenior_secured/" }, { "label": "TradingQnA: Tier 2 bank bonds", "url": "https://tradingqna.com/t/tier-2-bank-bonds-not-safe/96681" }, { "label": "Reddit: Yes Bank AT1 write-down", "url": "https://www.reddit.com/r/IndiaInvestments/comments/10j7o7u/yes_bank_had_written_down_its_at1_bonds_but_the/" }, { "label": "TradingQnA: are state guarantee bonds really secured", "url": "https://tradingqna.com/t/are-state-guarantee-bonds-really-secured/149483" } ] }, { "slug": "goldenpi-wint-zerodha-link", "url": "https://comparebondplatforms.com/faq/goldenpi-wint-zerodha-link", "question": "Is GoldenPi or Wint Wealth part of Zerodha?", "shortAnswer": "No. GoldenPi and Wint Wealth are separate companies with their own SEBI registrations; Zerodha's investment arm Rainmatter has invested in both, and GoldenPi describes Zerodha as a strategic business partner. GoldenPi also agreed in May 2026 to be acquired by Oxyzo Financial Services in a reported ₹42.4 crore share swap, which had not been confirmed as closed by 17th Oct 2026.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "NSE list of registered OBPPs (14th Oct 2026)", "url": "https://nsearchives.nseindia.com/web/sites/default/files/inline-files/List_of_Registered_OBPPs_NSE.xlsx" }, { "label": "BSE OBPP member list (24th Sep 2026)", "url": "https://www.bseindia.com/downloads1/OBP_MEMBER_LIST.zip" }, { "label": "GoldenPi FAQ: relationship with Zerodha", "url": "https://goldenpi.com/faq/about-goldenPi/what-is-goldenPi's-relationship-with-Zerodha" }, { "label": "GoldenPi llms.txt", "url": "https://goldenpi.com/llms.txt" }, { "label": "Wint Wealth about page", "url": "https://www.wintwealth.com/about-us/" }, { "label": "Entrackr: Wint Wealth Series B (14th Jan 2026)", "url": "https://entrackr.com/news/wint-wealth-raises-rs-250-cr-in-series-b-round-10996768" }, { "label": "Entrackr: Oxyzo to acquire GoldenPi", "url": "https://entrackr.com/news/oxyzo-to-acquire-goldenpi-enters-retail-fixed-income-investment-space-11852126" }, { "label": "Inc42: Oxyzo to buy GoldenPi", "url": "https://inc42.com/buzz/oxyzo-to-buy-debt-investment-platform-goldenpi-for-%e2%82%b942-cr/" }, { "label": "Oxyzo blog on the GoldenPi acquisition", "url": "https://www.oxyzo.in/resources/blogs/oxyzos-acquisition-of-goldenpi-technologies" }, { "label": "Moneylife: SEBI fines GoldenPi Securities", "url": "https://moneylife.in/article/sebi-fines-goldenpi-securities-and-directors-rs45-lakh-for-regulatory-breaches/77848.html" }, { "label": "SEBI adjudication order on Wint Wealth", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/nov-2025/1763731202909_1.pdf" }, { "label": "Punjab Kesari: SEBI fines IIFL Capital Services", "url": "https://english.punjabkesari.com/business/sebi-fines-iifl-capital-services-rs-2-lakh-for-online-bond-platform-violations" } ] }, { "slug": "new-demat-for-each-platform", "url": "https://comparebondplatforms.com/faq/new-demat-for-each-platform", "question": "Do I need a new demat for every bond platform, and will it break BSDA?", "shortAnswer": "Not always: Wint Wealth, Stable Bonds and Bondbazaar have you hold bonds in a demat they open, Grip and IndiaBonds run their own depository participant, while GoldenPi, Jiraaf, Altifi and BondScanner deliver to the demat you already have. Forum users report that a second demat can cost you Basic Services Demat Account (BSDA) status, which at Zerodha means ₹300 a year plus GST in AMC instead of ₹0 on holdings up to ₹4 lakh.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "TradingQnA: challenge in investing via Wint Wealth", "url": "https://tradingqna.com/t/challenge-in-investing-via-wint-wealth/175108" }, { "label": "Wint Wealth about page", "url": "https://www.wintwealth.com/about-us/" }, { "label": "Stable Bonds homepage", "url": "https://stablebonds.in/" }, { "label": "Bondbazaar FAQ", "url": "https://www.bondbazaar.com/faqs" }, { "label": "Grip FAQ: platform overview", "url": "https://www.gripinvest.in/faq/grip-basics/platform-overview" }, { "label": "IndiaBonds homepage", "url": "https://www.indiabonds.com/" }, { "label": "Aspero homepage", "url": "https://www.aspero.in/" }, { "label": "GoldenPi FAQ", "url": "https://goldenpi.com/faq/about-goldenPi/what-happens-to-my-investment-if-GoldenPi-shuts-down" }, { "label": "Jiraaf FAQ", "url": "https://www.jiraaf.com/faq" }, { "label": "BondScanner terms and conditions", "url": "https://bondscanner.com/terms-and-conditions" }, { "label": "Zerodha charges", "url": "https://zerodha.com/charges" }, { "label": "HDFC Sky support: AMC", "url": "https://support.hdfcsky.com/cm8mr53d4gq30ab74xu19uh32.html" } ] }, { "slug": "accrued-interest-in-itr", "url": "https://comparebondplatforms.com/faq/accrued-interest-in-itr", "question": "How do I report accrued interest paid at purchase in my ITR?", "shortAnswer": "The reported practice is to claim the accrued interest you paid the seller as a deduction under section 57 against the interest income from that same bond, so you are taxed only on the interest earned while you held it; a tax filing service gave this answer on TradingQnA in Jul 2026. Treat it as reported practice rather than settled law, and confirm the treatment, and the matching section of the Income-tax Act 2025, with a CA.", "category": "tax", "verifiedAt": "2026-10-17", "sources": [ { "label": "TradingQnA: bond interest taxation (Jul 2026)", "url": "https://tradingqna.com/t/bond-interest-taxation/195818" }, { "label": "Google autocomplete: accrued interest bond", "url": "https://suggestqueries.google.com/complete/search?client=firefox&gl=in&hl=en&q=accrued+interest+bond" }, { "label": "NSE Request for Quote platform", "url": "https://www.nseindia.com/products-services/about-request-for-quote" }, { "label": "SEBI NCS Master Circular, Annex XXIA", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "NSE circulars (dirty price on the capital market segment)", "url": "https://www.nseindia.com/resources/exchange-communication-circulars" }, { "label": "Zerodha support: government securities", "url": "https://support.zerodha.com/category/trading-and-markets/general-kite/govt-securities" }, { "label": "EY: TDS on listed debentures from 1st Apr 2023", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "TDSMAN: section 393(1) of the Income-tax Act 2025", "url": "https://blog.tdsman.com/2026/04/tds-on-interest-on-securities-section-3931-section-193/" } ] }, { "slug": "referral-bonuses-on-bond-apps", "url": "https://comparebondplatforms.com/faq/referral-bonuses-on-bond-apps", "question": "Are referral bonuses and \"extra yield\" offers on bond apps allowed?", "shortAnswer": "SEBI's rules notified on 29th Aug 2024 bar every registered bond platform, each of which is a SEBI stock broker, from any association, including money, client referrals or tech integration, with unregistered people who give investment advice or make return claims, so a referral link attached to a return promise puts the platform at risk. \"Extra yield\" bonuses are prices a platform sets on its own inventory, and SEBI's Aug 2026 ad code proposal targets the urgency messaging that often comes with them. This site takes no referral or affiliate money from any platform.", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "Legal500: SEBI restrictions on intermediaries and finfluencers", "url": "https://www.legal500.com/developments/thought-leadership/securities-law-update-sebi-imposes-restrictions-on-intermediaries-and-finfluencers/" }, { "label": "Storyboard18: penalties under the finfluencer rules", "url": "https://www.storyboard18.com/amp/social-media/sebi-cracks-down-on-finfluencers-with-new-rules-on-stock-market-education-55026.htm" }, { "label": "Mondaq: SEBI clarification on associations and education (Jan 2025)", "url": "https://www.mondaq.com/india/securities/1580788/securities-law-update-%7c-clarification-on-intermediaries-and-other-associates-persons-regulated-by-sebi" }, { "label": "TradingQnA: comparing GoldenPi, Wint Wealth and Grip Invest", "url": "https://tradingqna.com/t/comparing-goldenpi-wint-wealth-and-grip-invest/193407" }, { "label": "Stable Bonds terms and conditions", "url": "https://stablebonds.in/explore/compliance/term-and-condition" }, { "label": "InCred Money bond terms", "url": "https://bonds.incredmoney.com/terms-of-use/" }, { "label": "Jiraaf FAQ", "url": "https://www.jiraaf.com/faq" }, { "label": "SEBI NCS Master Circular, Annex XXIC", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "SEBI consultation paper on OBPP advertisements (21st Aug 2026)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1787568927408.pdf" }, { "label": "Cafemutual: SEBI advertising rules for OBPPs", "url": "https://cafemutual.com/news/industry/38634-sebi-releases-advertising-rules-for-obpps" }, { "label": "SEBI PR 59/2026: Common Advertisement Code", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1790259036651.pdf" }, { "label": "SEBI consultation paper on Fixed Income Channel Partners", "url": "https://www.sebi.gov.in/reports-and-statistics/reports/aug-2026/consultation-paper-on-introduction-of-fixed-income-channel-partners-ficps-for-distribution-of-fixed-income-securities-through-online-bond-platform-providers-obpps-_103859.html" } ] }, { "slug": "what-is-an-online-bond-platform", "url": "https://comparebondplatforms.com/faq/what-is-an-online-bond-platform", "question": "What is an online bond platform provider (OBPP), and which ones are SEBI registered?", "shortAnswer": "OBPP stands for Online Bond Platform Provider: a company registered with SEBI as a stock broker in the debt segment and enabled by NSE or BSE to sell listed bonds online, with every listed bond order routed through the exchange RFQ platform and settled by the clearing corporation into your demat. NSE's list as on 14th Oct 2026 had 43 entities (39 enabled) and BSE's 38 (35 active).", "category": "platforms", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI NCS Master Circular, 15th Oct 2025 (Chapter XXI, OBPP rules)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "SEBI circular, 14th Aug 2026: changes to the OBPP framework", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1786705729757.pdf" }, { "label": "Business Standard: SEBI guidelines on OBPP product offerings, 16th Jun 2023", "url": "https://www.business-standard.com/markets/news/sebi-issues-guidelines-on-product-offerings-by-online-bond-platforms-123061600992_1.html" }, { "label": "NSE Clearing circular on RFQ settlement charges, 29th Sep 2023", "url": "https://nsearchives.nseindia.com/content/circulars/CMPT58707.pdf" }, { "label": "SEBI Credit Risk-o-Meter circular, 7th Oct 2026", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791436170839.pdf" }, { "label": "SEBI page on online bond platform providers", "url": "https://www.sebi.gov.in/online-bond-platform-providers.html" }, { "label": "NSE list of registered OBPPs, as on 14th Oct 2026", "url": "https://nsearchives.nseindia.com/web/sites/default/files/inline-files/List_of_Registered_OBPPs_NSE.xlsx" }, { "label": "BSE OBPP member list (file dated 24th Sep 2026)", "url": "https://www.bseindia.com/downloads1/OBP_MEMBER_LIST.zip" }, { "label": "SEBI PR 75/2025: caution on unregistered OBPPs, 19th Nov 2025", "url": "https://investor.sebi.gov.in/pdf/1763551749033.pdf" }, { "label": "Cafemutual: SEBI releases advertising rules for OBPPs, Aug 2026", "url": "https://cafemutual.com/news/industry/38634-sebi-releases-advertising-rules-for-obpps" } ] }, { "slug": "corporate-bonds-vs-government-bonds", "url": "https://comparebondplatforms.com/faq/corporate-bonds-vs-government-bonds", "question": "Corporate bonds vs government bonds: what is the difference?", "shortAnswer": "Government bonds (G-secs, SDLs and T-bills) are repaid by the central or a state government and can be bought free through RBI Retail Direct from ₹10,000; corporate bonds pay more because repayment depends on one company, and platforms advertise ranges such as 8% to 14% for bonds rated down to BBB. Interest on both is taxed at your slab rate, listed corporate bond interest also carries 10% TDS since 1st Apr 2023, and both can fall in price if rates rise before you sell.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "RBI press release on RBI Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "HDFC Securities G-sec page", "url": "https://www.hdfcsec.com/g-sec-bonds" }, { "label": "TradingQnA: Zerodha staff on G-sec bid fees", "url": "https://tradingqna.com/t/brokarage-in-government-bonds/145475" }, { "label": "Fyers support: bond charges and cut-off timings", "url": "https://support.fyers.in/portal/en/kb/articles/what-are-the-charges-and-cut-off-timings-for-investing-in-bonds-via-fyers" }, { "label": "Upstox help: charges for T-bills, SDLs and G-secs", "url": "https://upstox.com/help-center/t-260857" }, { "label": "GoldenPi llms.txt (updated 2nd Oct 2026)", "url": "https://goldenpi.com/llms.txt" }, { "label": "SEBI NCS Master Circular, 15th Oct 2025 (Chapter XXI, OBPP rules)", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "EY: Budget 2023 widens the scope of TDS", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "Vinod Kothari on Stamp Act amendments", "url": "https://vinodkothari.com/wp-content/uploads/2020/01/Recent-amendments-in-Indian-Stamp-Act.pdf" }, { "label": "TradingQnA: 676GS2061, why it is so undervalued", "url": "https://tradingqna.com/t/676gs2061-gs-why-it-is-so-undervalued/190687" }, { "label": "TradingQnA: Are state guarantee bonds really secured?", "url": "https://tradingqna.com/t/are-state-guarantee-bonds-really-secured/149483" }, { "label": "CARE Ratings on TruCap Finance, 18th Jul 2025", "url": "https://www.careratings.com/upload/CompanyFiles/PR/202507180744_TruCap_Finance_Limited.pdf" }, { "label": "SEBI Credit Risk-o-Meter circular, 7th Oct 2026", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791436170839.pdf" }, { "label": "NSE circulars (NSE/CMTR/39581 and NSE/CMTR/45096, dirty price trading)", "url": "https://www.nseindia.com/resources/exchange-communication-circulars" }, { "label": "Outlook Money: SEBI chairman on corporate bond market gaps, May 2026", "url": "https://www.outlookmoney.com/invest/sebi-chairman-tuhin-kanta-pandey-highlights-four-major-gaps-in-corporate-bond-market" } ] }, { "slug": "bonds-vs-t-bills", "url": "https://comparebondplatforms.com/faq/bonds-vs-t-bills", "question": "Bonds vs T-bills: what is the difference, and which pays more?", "shortAnswer": "A T-bill is a Government of India bill that matures within a year, pays no coupon and is issued below ₹100, so a 91 day bill allotted at ₹98.25 returns about 7.14% annualised; a bond is a longer loan, to the government or a company, that usually pays a coupon and moves more in price when rates change. Corporate bonds can pay more than T-bills because they add company credit risk, and T-bill returns are taxed at your slab rate as short-term capital gains.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "NSE non-competitive bidding page", "url": "https://www.nseindia.com/products/content/debt/ncbp/about_ncbp.htm" }, { "label": "HDFC Securities G-sec page", "url": "https://www.hdfcsec.com/g-sec-bonds" }, { "label": "Zerodha support: taxes on G-secs and T-bills", "url": "https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/govt-securities/articles/gsecs-taxes" }, { "label": "EY: Budget 2023 widens the scope of TDS", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "GoldenPi llms.txt (updated 2nd Oct 2026)", "url": "https://goldenpi.com/llms.txt" }, { "label": "TradingQnA: T-bill rates are nearly 2% higher than FD rates", "url": "https://tradingqna.com/t/t-bill-rates-are-nearly-2-higher-than-fd-rates/138954" }, { "label": "RBI press release on RBI Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "TradingQnA: Zerodha staff on G-sec bid fees", "url": "https://tradingqna.com/t/brokarage-in-government-bonds/145475" }, { "label": "Fyers support: bond charges and cut-off timings", "url": "https://support.fyers.in/portal/en/kb/articles/what-are-the-charges-and-cut-off-timings-for-investing-in-bonds-via-fyers" }, { "label": "Upstox help: charges for T-bills, SDLs and G-secs", "url": "https://upstox.com/help-center/t-260857" }, { "label": "Business Standard: RBI Retail Direct T-bill auto-bidding, 6th Aug 2025", "url": "https://www.business-standard.com/amp/markets/capital-market-news/rbi-introduces-auto-bidding-facilities-in-rbi-retail-direct-for-investment-and-re-investment-in-t-bills-125080600420_1.html" } ] }, { "slug": "gsec-vs-t-bills", "url": "https://comparebondplatforms.com/faq/gsec-vs-t-bills", "question": "G-sec vs T-bill: what is the difference between government bonds and treasury bills?", "shortAnswer": "Both are Government of India securities bought the same way, by a non-competitive bid from ₹10,000 that is free on RBI Retail Direct, Zerodha and Fyers; the difference is term and how you earn. A T-bill matures within a year and earns only its discount to ₹100, taxed as a short-term capital gain at slab, while a dated G-sec runs for years, pays a coupon taxed at slab, and its price falls further when interest rates rise.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "Zerodha support: taxes on G-secs and T-bills", "url": "https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/govt-securities/articles/gsecs-taxes" }, { "label": "Fyers support: bond charges and cut-off timings", "url": "https://support.fyers.in/portal/en/kb/articles/what-are-the-charges-and-cut-off-timings-for-investing-in-bonds-via-fyers" }, { "label": "HDFC Securities G-sec page", "url": "https://www.hdfcsec.com/g-sec-bonds" }, { "label": "NSE circulars (NSE/CMTR/39581 and NSE/CMTR/45096, dirty price trading)", "url": "https://www.nseindia.com/resources/exchange-communication-circulars" }, { "label": "TradingQnA: 676GS2061, why it is so undervalued", "url": "https://tradingqna.com/t/676gs2061-gs-why-it-is-so-undervalued/190687" }, { "label": "TradingQnA: 7.33% GS 2026 seems overpriced at 105.77", "url": "https://tradingqna.com/t/7-33-gs-2026-seems-overpriced-at-105-77/156359" }, { "label": "RBI press release on RBI Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "TradingQnA: Zerodha staff on G-sec bid fees", "url": "https://tradingqna.com/t/brokarage-in-government-bonds/145475" }, { "label": "Upstox help: charges for T-bills, SDLs and G-secs", "url": "https://upstox.com/help-center/t-260857" }, { "label": "Business Standard: RBI Retail Direct T-bill auto-bidding, 6th Aug 2025", "url": "https://www.business-standard.com/amp/markets/capital-market-news/rbi-introduces-auto-bidding-facilities-in-rbi-retail-direct-for-investment-and-re-investment-in-t-bills-125080600420_1.html" }, { "label": "Fyers support: pledging bonds as collateral", "url": "https://support.fyers.in/portal/en/kb/articles/can-i-pledge-bonds-corporate-g-secs-t-bills-sdls-sgbs-as-collateral-on-fyers" } ] }, { "slug": "sgb-vs-gold-etf", "url": "https://comparebondplatforms.com/faq/sgb-vs-gold-etf", "question": "SGB vs gold ETF: which is better?", "shortAnswer": "Neither is better for everyone. An SGB adds interest paid on its issue price and, for an original subscriber who holds to maturity, a tax-free redemption, but no new SGB has been issued since Feb 2024, so buyers now pay an exchange price that has ranged from below gold to about 7% above it, and as reported after Budget 2026 a secondary buyer no longer gets the tax-free redemption. A gold ETF pays no interest and charges an annual expense ratio, but has no maturity date and is bought and sold on the exchange like a share.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "Outlook Money: Finance Minister on SGB discontinuation", "url": "https://www.outlookmoney.com/invest/government-to-discontinue-sgb-fm-nirmala-sitharaman-says-yes-in-a-way-on-discontinuation-of-scheme" }, { "label": "TradingQnA: Tax implications of SGB bought from the secondary market", "url": "https://tradingqna.com/t/tax-implications-of-sgb-bought-from-the-secondary-market/162371" }, { "label": "TradingQnA: SGBs trading 7% higher than gold prices", "url": "https://tradingqna.com/t/sovereign-gold-bonds-are-trading-7-higher-than-actual-gold-prices-why/169758" }, { "label": "TradingQnA: Why are SGBs trading below their intrinsic value?", "url": "https://tradingqna.com/t/why-are-sgbs-trading-below-their-intrinsic-value/181250" }, { "label": "TradingQnA: Exit option on SGB after 5 years", "url": "https://tradingqna.com/t/exit-option-on-sgb-after-5-years/77446" }, { "label": "TradingQnA: SGB taxation post budget, Feb 2026", "url": "https://tradingqna.com/t/sgb-taxation-post-budget/191346" }, { "label": "TradingQnA: ITR and SGB for AY 2026-27", "url": "https://tradingqna.com/t/itr-sgb-for-ay-2026-27/195917" }, { "label": "Zerodha support: charges for G-secs", "url": "https://support.zerodha.com/category/mutual-funds/government-securities/articles/charges-gsecs" }, { "label": "RBI press release on RBI Retail Direct", "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=51883" }, { "label": "InCred Money homepage", "url": "https://www.incredmoney.com/" } ] }, { "slug": "bonds-vs-mutual-funds", "url": "https://comparebondplatforms.com/faq/bonds-vs-mutual-funds", "question": "Bonds vs mutual funds (debt funds): which is better?", "shortAnswer": "Neither is better in general. A bond you buy directly pays a known coupon and returns face value at maturity if the issuer pays, but your money rides on one company and selling early depends on finding a buyer; a debt mutual fund spreads money across many bonds and can be redeemed at its NAV, but charges an expense ratio and usually has no maturity value. Debt fund gains have been taxed at slab without indexation since 1st Apr 2023, while a listed bond held over 12 months pays 12.5% on its gain.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "EY: Budget 2023 widens the scope of TDS", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "Business Standard: Budget 2024 capital gains changes", "url": "https://www.business-standard.com/amp/finance/personal-finance/budget-2024-all-the-key-changes-to-capital-gains-tax-explained-124072500330_1.html" }, { "label": "TaxTMI note on section 50AA", "url": "https://www.taxtmi.com/tmi_notes?id=1217" }, { "label": "TradingQnA AMA on G-secs, T-bills and SDLs (debt fund indexation)", "url": "https://tradingqna.com/t/ask-us-anything-about-investing-in-government-bonds-treasury-bills-t-bills-and-state-development-bonds-sdls/145036" }, { "label": "CARE Ratings on TruCap Finance, 18th Jul 2025", "url": "https://www.careratings.com/upload/CompanyFiles/PR/202507180744_TruCap_Finance_Limited.pdf" }, { "label": "TradingQnA: How investing in bonds has helped me build my financial future", "url": "https://tradingqna.com/t/how-investing-in-bonds-has-helped-me-build-my-financial-future/146718" }, { "label": "Outlook Money: SEBI chairman on corporate bond market gaps, May 2026", "url": "https://www.outlookmoney.com/invest/sebi-chairman-tuhin-kanta-pandey-highlights-four-major-gaps-in-corporate-bond-market" }, { "label": "Grip FAQ: platform overview", "url": "https://www.gripinvest.in/faq/grip-basics/platform-overview" }, { "label": "Altifi homepage", "url": "https://altifi.ai/" }, { "label": "Digifinn homepage", "url": "https://www.digifinn.com/" }, { "label": "Bondbazaar about us", "url": "https://www.bondbazaar.com/about-us" }, { "label": "TradingQnA: How are bond ETFs taxed?", "url": "https://tradingqna.com/t/how-are-bond-etfs-taxed/197345" } ] }, { "slug": "tax-free-bonds", "url": "https://comparebondplatforms.com/faq/tax-free-bonds", "question": "Tax-free bonds in India: are they still available, and how are they taxed?", "shortAnswer": "Tax-free bonds are bonds issued by public sector bodies whose interest is exempt from income tax (section 10(15) of the old Income-tax Act); no new issue has come since 2016, so you can only buy existing ones on the NSE or BSE order book through a broker or from platforms such as GoldenPi, IndiaBonds and Aspero. Only the interest is exempt, a gain on sale is taxable, and at the 30% slab a 5% tax-free yield equals about 7.14% on a taxable bond, before surcharge and cess.", "category": "buying", "verifiedAt": "2026-10-17", "sources": [ { "label": "TradingQnA: Zerodha staff on bonds and bond IPOs, 18th Apr 2026", "url": "https://tradingqna.com/t/bonds-and-bond-ipos/193338" }, { "label": "Kotak Neo support: NCDs and bonds", "url": "https://www.kotakneo.com/support/investment-products/ncds-and-bonds" }, { "label": "Business Standard: Paytm Money launches bond investing, May 2023", "url": "https://www.business-standard.com/amp/finance/news/paytm-money-launches-bond-investing-on-platform-for-retail-investors-123052200659_1.html" }, { "label": "Angel One partner page on bonds", "url": "https://partnerassist.angelone.in/products/bonds" }, { "label": "GoldenPi llms.txt (updated 2nd Oct 2026)", "url": "https://goldenpi.com/llms.txt" }, { "label": "IndiaBonds homepage", "url": "https://www.indiabonds.com/" }, { "label": "Aspero homepage", "url": "https://www.aspero.in/" }, { "label": "Bonds Kart homepage", "url": "https://bondskart.com/" }, { "label": "Digifinn homepage", "url": "https://www.digifinn.com/" }, { "label": "Reddit: How do I buy tax free bonds at face value?", "url": "https://www.reddit.com/r/IndiaInvestments/comments/1b63hi0/how_do_i_buy_tax_free_bonds_at_face_value_and_not/" }, { "label": "TradingQnA: Tax treatment for the capital gain or loss on a tax-free interest bond", "url": "https://tradingqna.com/t/tax-treatment-for-the-capital-gain-loss-part-on-a-tax-free-interest-bond/137320" }, { "label": "Business Standard: Budget 2024 capital gains changes", "url": "https://www.business-standard.com/amp/finance/personal-finance/budget-2024-all-the-key-changes-to-capital-gains-tax-explained-124072500330_1.html" }, { "label": "ICICI Direct bonds page (54EC terms)", "url": "https://icicidirect.com/bonds" }, { "label": "Stable Bonds homepage", "url": "https://stablebonds.in/" } ] }, { "slug": "bonds-vs-stocks", "url": "https://comparebondplatforms.com/faq/bonds-vs-stocks", "question": "Bonds vs stocks: what is the difference, and is a bond debt or equity?", "shortAnswer": "A bond is debt: the issuer owes you interest and your principal on set dates, and bondholders are repaid before shareholders if a company fails. A share is part-ownership with no promised payment, so its value rests on the company's profits and the market; bond coupons are taxed at your slab rate, and a listed bond sold after 12 months pays 12.5% on its gain.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "EY: Budget 2023 widens the scope of TDS", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "Business Standard: Budget 2024 capital gains changes", "url": "https://www.business-standard.com/amp/finance/personal-finance/budget-2024-all-the-key-changes-to-capital-gains-tax-explained-124072500330_1.html" }, { "label": "CARE Ratings on TruCap Finance, 18th Jul 2025", "url": "https://www.careratings.com/upload/CompanyFiles/PR/202507180744_TruCap_Finance_Limited.pdf" }, { "label": "TradingQnA: 676GS2061, why it is so undervalued", "url": "https://tradingqna.com/t/676gs2061-gs-why-it-is-so-undervalued/190687" }, { "label": "TradingQnA: Zerodha staff on bonds and bond IPOs, 18th Apr 2026", "url": "https://tradingqna.com/t/bonds-and-bond-ipos/193338" }, { "label": "Outlook Money: SEBI chairman on corporate bond market gaps, May 2026", "url": "https://www.outlookmoney.com/invest/sebi-chairman-tuhin-kanta-pandey-highlights-four-major-gaps-in-corporate-bond-market" }, { "label": "Zerodha support: charges for G-secs", "url": "https://support.zerodha.com/category/mutual-funds/government-securities/articles/charges-gsecs" } ] }, { "slug": "bonds-vs-debentures", "url": "https://comparebondplatforms.com/faq/bonds-vs-debentures", "question": "Bond vs debenture: what is the difference, and what is an NCD?", "shortAnswer": "For a company, bond and debenture mean the same kind of debt security, and an NCD (non-convertible debenture) is one that cannot be turned into shares; listed corporate bonds and NCDs are both regulated by SEBI as non-convertible securities. Government debt is called a bond, never a debenture, and what changes your risk is not the label but whether the paper is secured, where it ranks and the issuer's lowest rating.", "category": "basics", "verifiedAt": "2026-10-17", "sources": [ { "label": "SEBI NCS Master Circular, 15th Oct 2025", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2025/1760532257519.pdf" }, { "label": "EY: Budget 2023 widens the scope of TDS", "url": "https://ey.com/en_in/insights/tax/budget-2023-widens-the-scope-of-tax-deducted-at-source" }, { "label": "Outlook Money: Budget 2023 on market-linked debentures and TDS", "url": "https://outlookmoney.com/news/budget-2023-24-market-linked-debentures-to-attract-higher-tax-listed-debenture-to-come-under-tds-news-258598" }, { "label": "ICICI Direct bonds page (54EC terms)", "url": "https://icicidirect.com/bonds" }, { "label": "TradingQnA: Tax treatment for the capital gain or loss on a tax-free interest bond", "url": "https://tradingqna.com/t/tax-treatment-for-the-capital-gain-loss-part-on-a-tax-free-interest-bond/137320" }, { "label": "SEBI Credit Risk-o-Meter circular, 7th Oct 2026", "url": "https://www.sebi.gov.in/sebi_data/attachdocs/oct-2026/1791436170839.pdf" }, { "label": "Business Standard: Budget 2024 capital gains changes", "url": "https://www.business-standard.com/amp/finance/personal-finance/budget-2024-all-the-key-changes-to-capital-gains-tax-explained-124072500330_1.html" }, { "label": "TaxTMI note on section 50AA", "url": "https://www.taxtmi.com/tmi_notes?id=1217" }, { "label": "Vinod Kothari on Stamp Act amendments", "url": "https://vinodkothari.com/wp-content/uploads/2020/01/Recent-amendments-in-Indian-Stamp-Act.pdf" }, { "label": "Groww product update: bond IPOs, Jul 2025", "url": "https://groww.in/updates/bond-ipos-on-groww" }, { "label": "GoldenPi llms.txt (updated 2nd Oct 2026)", "url": "https://goldenpi.com/llms.txt" }, { "label": "TradingQnA: Zerodha staff on bonds and bond IPOs, 18th Apr 2026", "url": "https://tradingqna.com/t/bonds-and-bond-ipos/193338" }, { "label": "Digifinn market-linked debentures page", "url": "https://www.digifinn.com/market-linked-debentures" } ] } ] }