GoldenPi vs IndiaBonds vs Wint vs Stable vs Grip: which is better?

Pick on the feature that matters most to you. All 5 are SEBI registered stock brokers enabled on NSE as bond platforms, none publishes its markup per bond, and none is liable if an issuer defaults.

How do they compare?

	GoldenPi	Grip Invest	IndiaBonds	Stable Bonds	Wint Wealth
Entity, SEBI number	GoldenPi Securities, INZ000310732	Grip Broking, INZ000312836	India Bond Pvt Ltd, INZ000311637	Stable Broking, INZ000314637	Wint Securities, INZ000313632
Exchanges	NSE, BSE	NSE	NSE, BSE	NSE (BSE closed 27th Nov 2025)	NSE
Where bonds sit	Your own demat	Optional Grip NSDL demat (IN304877)	Own NSDL DP (IN305103) offered	Stable's CDSL demat	Wint's NSDL demat (IN304633)
Stated cost	No charge to customers; spread not disclosed	No hidden fees; 0.25% on sells	Terms allow brokerage or platform fees	Zero brokerage; spread not itemised	About 1% commission per bond, reported
Exit	Sell on BSE or NSE, or ask GoldenPi's team	Sell Bonds Anytime after about 2 months, not guaranteed	Not verified	Sell anytime, but terms say not guaranteed	Sell-back at Wint's discretion, Wint demat only
Advertised minimum	₹10,000 for bonds	₹100 or ₹1,000 (its pages conflict)	₹1,000	₹100 (live listings about ₹10,000)	₹1,000
Other products	G-secs, T-bills, SDLs, SGBs, NCD IPOs, 54EC, FDs	SDIs, FDs, debt funds	G-secs, SDLs, SGBs, 54EC, NCD IPOs, FDs	State and PSU bonds; FDs in the Stable Money app	FDs
SEBI action found	₹4.5 lakh, Jul or Aug 2025	None	None	None	₹1 lakh, 21st Nov 2025
Play Store, read 17th Oct 2026	4.1 from 125 ratings	4.5 from 2,329	4.4 from 3,703	4.6 from 45,610 (FDs and bonds app)	4.4 from 25,373

Sources: GoldenPi, GoldenPi charges, GoldenPi selling, Grip overview, Grip sell feature, Grip minimum, IndiaBonds, IndiaBonds terms, Stable Bonds, Stable terms, Wint terms, Wint about, Inc42 on Wint, NSE, BSE, SEBI order on Wint, Moneylife on GoldenPi.

Which one fits which need?

• Keeping bonds in the demat you already use: GoldenPi credits your own demat, and Grip supports a non-Grip demat. Stable and Wint open their own.
• Selling back through the platform: Grip and Wint run sell-back features with written conditions; Stable markets selling anytime, with conditions in its terms. GoldenPi points you to the exchange or its team.
• Government securities in the same app: GoldenPi and IndiaBonds list G-secs, SDLs and SGBs.
• No SEBI order found so far: Grip, IndiaBonds and Stable Broking.

How do the shelves differ?

GoldenPi states a range of AAA to BBB with 8% to 14% yields, and Grip advertises up to 12.5%. On 17th Oct 2026 IndiaBonds' homepage showed small finance bank and NBFC bonds rated A- and BBB+ at 11.15% to 11.25%, and Stable's list ran up to 11.90%. A TradingQnA user posted a BBB+ bond on Wint in Apr 2026 (TradingQnA). IndiaBonds sold Satya MicroCapital's 14.20% subordinated debt at 14.25% in Apr 2025 (archived page); Satya later breached a net worth covenant but had paid every coupon through 12th Oct 2026 (Satya annual report). These are facts about shelves, not views on any bond.

Is anything about to change?

Oxyzo, the NBFC arm of OfBusiness, announced on 19th May 2026 that it would buy GoldenPi; completion was not confirmed as of 17th Oct 2026 (Entrackr). From about 21st Nov 2026 all 5 must show a Credit Risk-o-Meter based on the lowest rating.

Where are the head to head pages?

GoldenPi vs Wint Wealth, Grip Invest vs Wint Wealth, IndiaBonds vs Wint Wealth, Stable Bonds vs Wint Wealth, GoldenPi vs IndiaBonds, GoldenPi vs Grip Invest, Grip Invest vs Stable Bonds and IndiaBonds vs Stable Bonds. The Stable Bonds review covers its BSE closure.