# Compare Bond Platforms

> Source-linked reviews and comparisons of every SEBI registered online bond platform, broker app and RBI channel in India, plus plain answers to the bond questions retail investors ask most. Covers the specialist bond platforms Altifi, Aspero, Bondbay, Bondbazaar, Bonds Kart, BondScanner, Digifinn (formerly BondsIndia), GoldenPi, Grip Invest, InCred Money (Bidd), IndiaBonds, Jiraaf, SMEST, Stable Bonds, Tap Invest (ultra), Wint Wealth; broker apps 5paisa, Angel One, Dhan, Fyers, Groww, HDFC Sky (HDFC Securities), ICICI Direct, INDmoney, Kotak Neo, Motilal Oswal, Paytm Money, Upstox, Zerodha; and government channels 54EC capital gains bonds, NSE goBID, RBI Floating Rate Savings Bonds, RBI Retail Direct.

Every fact on comparebondplatforms.com links to its source (SEBI orders and circulars, NSE and BSE files, RBI, rating agencies, platform terms) and shows the date it was last verified. We take no referral, affiliate or advertising money from any platform, broker or issuer, and we do not rank platforms or recommend securities. The one product interest behind the site is disclosed at /disclosures. Canonical host: https://comparebondplatforms.com. Data is CC BY 4.0.

URL patterns: platform reviews at /platforms/{slug}, government channels at /channels/{slug}, head to head pages at /compare/{a}-vs-{b} (slugs in alphabetical order), answers at /faq/{slug}, needs-based lists at /best/{slug}.

## Start here

- [Where to buy bonds in India](https://comparebondplatforms.com/): In India you buy bonds through one of three routes: an online bond platform or broker app that deals through the exchange RFQ platform, any broker's exchange order book, or a government channel such as RBI Retail Direct. Corporate bonds and NCDs go through the first two, while T-bills, G-secs and SDLs can be bought without a fee through RBI Retail Direct and some brokers.
- [OBPP registry](https://comparebondplatforms.com/registry): all 59 online bond platform providers on the NSE (as on 14th Oct 2026) and BSE (as on 24th Sep 2026) lists, with status and enablement dates.
- [All platforms](https://comparebondplatforms.com/platforms): alphabetical index of every platform, broker app and government channel reviewed.

## Specialist bond platforms

- [Altifi review](https://comparebondplatforms.com/platforms/altifi): Altifi suits investors who want a broad fixed income menu, from G-secs and T-bills to NCD IPOs, SDIs and 54EC bonds, settled into the demat they already have. The catches: its parent Northern Arc Capital may be the seller on the platform, its revenue model is not disclosed, and most corporate bonds cost about ₹1 lakh per unit despite a ₹1,000 headline. SEBI: INZ000318831 (stock broker), NSE member 90387, BSE 6895; also AMFI ARN 311499 and APMI APRN04867. Custody: In your own demat with NSDL or CDSL. Exit: Governed by the product's terms and market conditions; no buyback or exit fee found. Verified 17th Oct 2026.
- [Aspero review](https://comparebondplatforms.com/platforms/aspero): Aspero suits investors who want a large listed shelf, including government, tax-free and 54EC bonds, with a fee shown at purchase rather than hidden. The catches: its shelf runs below the AA- to BBB band it advertises, it offers no buyback, and SEBI fined it ₹1 lakh in Apr 2025 for not routing orders through RFQ. SEBI: INZ000310534 (stock broker), NSE member 90374, BSE 6810; also NSDL DP IN-DP-752-2023, merchant banker INM000012883, research analyst INH000010256. Custody: Conflicting: FAQ says your own CDSL demat, not a pooled account; Aspero's own DP licence is NSDL. Exit: Liquidity indicators per bond; no buyback promise and no exit fee schedule published. Verified 17th Oct 2026.
- [Bondbay review](https://comparebondplatforms.com/platforms/bondbay): Bondbay is still shown as an Active OBPP in BSE's file dated 24th Sep 2026, but its website, terms page and the broker's own site all returned errors on 17th Oct 2026. With no public notice of closure or outage, there is no live service to review. SEBI: INZ000320338 (stock broker), per its terms of use. Custody: Not verifiable; site and terms offline. Exit: Not verifiable; site offline. Verified 17th Oct 2026.
- [Bondbazaar review](https://comparebondplatforms.com/platforms/bondbazaar): Bondbazaar sells G-secs, SDLs, corporate bonds and bond IPOs with low stated entry amounts and no stated brokerage. The catch is that it puts your bonds in a Bondbazaar opened CDSL demat and does not disclose any spread in the yield it shows. SEBI: INZ000303236 (stock broker); also a CDSL DP, DP ID 12096100. Custody: In a Bondbazaar opened CDSL demat; its FAQ says an existing demat cannot be linked. Exit: Sell on NSE or BSE, or ask its customer service team; at market prices if a buyer exists. No buyback. Verified 17th Oct 2026.
- [Bonds Kart review](https://comparebondplatforms.com/platforms/bonds-kart): Bonds Kart is backed by a large listed financial group and lists 54EC bonds alongside corporate NCDs. The catches are big minimum tickets, a seller agreement with JM Financial's own NBFC, and no published fees, settlement or demat details. SEBI: INZ000195834 (stock broker). Custody: Not disclosed; testimonials mention a designated DP. Exit: Not disclosed today; the 2021 launch release promised the flexibility to sell. Verified 17th Oct 2026.
- [BondScanner review](https://comparebondplatforms.com/platforms/bondscanner): BondScanner is one of the few OBPPs that states in writing it earns through spreads, and it settles into the demat you already hold. The catches are that the spread size is not published, there is no buyback, and its live shelf on 17th Oct 2026 included high yield paper with a split rating showing only the higher grade. SEBI: INZ000320834 (stock broker). Custody: In your own NSDL or CDSL demat. Exit: No buyback or sell feature described; to sell you transfer bonds to the clearing corporation pool. Verified 17th Oct 2026.
- [Digifinn (formerly BondsIndia) review](https://comparebondplatforms.com/platforms/digifinn): Digifinn is the old BondsIndia, renamed on 17th Sep 2026, and it settles bonds into the demat you already have. The catches are thin cost disclosure, no sell-back facility and two different figures for its own minimum and its own scale. SEBI: INZ000296636 (stock broker, debt segment). Custody: In your own demat with your existing DP, used for pay-in and pay-out through the clearing corporation. Exit: No buyback or sell-back feature described; customer testimonials mention selling through relationship managers. Verified 17th Oct 2026.
- [GoldenPi review](https://comparebondplatforms.com/platforms/goldenpi): GoldenPi suits investors who want a broad shelf (corporate bonds, NCD IPOs, G-secs, T-bills, SDLs, SGBs and 54EC bonds) delivered into the demat they already have. The catches: no buyback, an undisclosed spread inside the price, a ₹4.5 lakh SEBI penalty in 2025, and an announced sale to Oxyzo whose closing is unconfirmed. SEBI: INZ000310732 (stock broker), NSE member 90331, BSE member 6809. Custody: In your own existing demat; no GoldenPi DP is disclosed. Exit: Sell on BSE or NSE yourself, or ask GoldenPi's team to help find a buyer. No fee stated, no buyback promise. Verified 17th Oct 2026.
- [Grip Invest review](https://comparebondplatforms.com/platforms/grip-invest): Grip Invest suits investors who want a stated early exit: its Sell Bonds Anytime feature works after about 2 months for a 0.25% charge, though a sale is not guaranteed. The catches: its shelf includes securitised lease and loan pools, some of which have run into lessee defaults and delays, and NRIs cannot sign up. SEBI: INZ000312836 (stock broker), NSE member 90319; also AMFI ARN-315995 for mutual funds. Custody: A demat is required; you can open one at onboarding with Grip's own NSDL DP (DP ID IN304877). Non-Grip demats are supported for sells. Exit: Sell Bonds Anytime after a minimum holding of about 2 months, 0.25% charge, settles in 1 working day; Grip cannot guarantee an immediate sale. Verified 17th Oct 2026.
- [InCred Money (Bidd) review](https://comparebondplatforms.com/platforms/incred-money): InCred Money publishes a clear early exit price, 2% of the latest market price after 21 days, and settles into your own demat. The catches are a tangle of brands and entities, a shelf that includes InCred group's own MLDs, and a Bidd storefront that showed no bonds on 17th Oct 2026. SEBI: INZ000312534 (stock broker). Custody: In your own demat, per a third-party review; not stated on the platform pages read. Exit: "Anytime Liquidity" after 21 days from the order date, at a cost of 2% of the latest mark to market price per unit. Verified 17th Oct 2026.
- [IndiaBonds review](https://comparebondplatforms.com/platforms/indiabonds): IndiaBonds suits investors who want a wide shelf, including G-secs, SDLs, SGBs and 54EC bonds, and NRIs, whom its site invites. The catches: its T&C allow fees and its yields carry an undisclosed spread, its exit terms could not be read, and in Apr 2025 it promoted a Satya MicroCapital subordinated bond whose issuer later breached a net-worth covenant. SEBI: INZ000311637 (stock broker), NSE member 90316, BSE member 6811. Custody: IndiaBonds runs its own NSDL DP (DP ID IN305103, registration IN-DP-855-2026), marketed as IB Demat New. Whether an existing demat can still be used was not verified. Exit: Not verified: FAQ titles cover selling, but the answers render in the browser and could not be read. Verified 17th Oct 2026.
- [Jiraaf review](https://comparebondplatforms.com/platforms/jiraaf): Jiraaf suits investors who want bonds and securitised debt delivered into the demat they already use, with no platform fee. The catches: it does not help you sell before maturity, its yield rises with the number of units you buy, and its App Store seller is the company behind altGraaf, which SEBI named in a Nov 2024 interim order. SEBI: INZ000315538 (stock broker), NSE member 90355, BSE member 6835. Custody: In your own existing demat at any DP. Exit: No exit facility: Jiraaf does not help liquidate after purchase; you must find a buyer yourself. Verified 17th Oct 2026.
- [SMEST review](https://comparebondplatforms.com/platforms/smest): SMEST is a BSE enabled OBPP with a large catalogue of bond pages and a relationship manager model, and it uses the demat you already have. The catch is that SMEST itself is the seller on your buy orders and publishes no fee schedule, markup or readable exit terms. SEBI: INZ000302039 (stock broker). Custody: Appears to be your existing demat: its KYC list asks for a client master copy of it. Exit: Not disclosed in readable form; the FAQ answer on selling loads client side and could not be read. Verified 17th Oct 2026.
- [Stable Bonds review](https://comparebondplatforms.com/platforms/stable-bonds): Stable Bonds suits investors already using the Stable Money app for FDs who want listed bonds, including SDLs and PSU bonds, in the same app. The catches: bonds sit in a demat Stable opens for you, the sell anytime promise is qualified in the T&C, its spread is not itemised, and it closed its BSE OBPP business on 27th Nov 2025 without giving a reason. SEBI: INZ000314637 (stock broker), NSE member 90363; CDSL DP registration INDP7912025. Custody: In a demat Stable Broking opens and maintains for you with its own CDSL DP. Exit: Marketed as sell anytime with zero exit fee; T&C say a sale is not guaranteed, some bonds have lock-ins, and a spread or penalty may apply after a zero-penalty period. Verified 17th Oct 2026.
- [Tap Invest (ultra) review](https://comparebondplatforms.com/platforms/tap-invest): Tap Invest is not on NSE's or BSE's OBPP list and was named in a SEBI interim order on 18th Nov 2024 for selling unlisted NCDs to the public. Listed bonds reach its users only through a stated partnership with BondScanner, which is the registered entity, so that is where any bond trade actually happens. SEBI: None stated on its site. Custody: Not applicable to its own products; listed bonds bought through BondScanner settle into your own demat. Exit: No formal secondary market; invoice discounting is marketed with early repayment options. Verified 17th Oct 2026.
- [Wint Wealth review](https://comparebondplatforms.com/platforms/wint-wealth): Wint Wealth suits investors who want a buy and sell-back flow inside one app, since it repurchases bonds bought on Wint at a price it sets. The catches: you must hold the bonds in a demat opened with Wint, its margin is not itemised, and SEBI fined it ₹1 lakh in Nov 2025 for settling most trades off the exchange RFQ platform. SEBI: INZ000313632 (stock broker), NSE member 90328. Custody: In a demat opened with Wint's own depository participant, DP ID IN304633 (DP registration INDP7592023). Exit: Sell-back through Wint only for bonds bought on Wint and held in the Wint demat, at a YTM up to 1% lower than your purchase YTM, at Wint's sole discretion. Verified 17th Oct 2026.

## Broker apps

- [5paisa review](https://comparebondplatforms.com/platforms/5paisa): 5paisa Capital is registered and active as an OBPP on BSE since 14th Jun 2023 and is not on NSE's list. We found no published bond product, fee or minimum, so treat its bond offering as unverified until you see terms in the app. SEBI: INZ000010231 (stock broker). Custody: Not verified. Exit: Not verified. Verified 17th Oct 2026.
- [Angel One review](https://comparebondplatforms.com/platforms/angel-one): Angel One has held OBPP enablement on both exchanges since mid Jul 2026, but its public record conflicts: a partner page says bonds are live, Aug 2026 press said the launch was months away, and its retail bonds page returned 404 on 17th Oct 2026. Fees, minimums and the rating floor are all unpublished. SEBI: INZ000161534 (stock broker). Custody: Not verified. Exit: Not disclosed. Verified 17th Oct 2026.
- [Dhan review](https://comparebondplatforms.com/platforms/dhan): Dhan holds OBPP enablement on both exchanges yet, as far as we could find, sells no corporate bonds through it: its bonds page returned 404 and Aug 2026 press said it was preparing a launch. Its pricing page carries G-sec, T-bill and bond pledge lists, so you can hold and pledge them, but how you buy them on Dhan was not verified. SEBI: INZ000006031 (stock broker). Custody: Not applicable while no bond platform is live. Exit: Not applicable. Verified 17th Oct 2026.
- [Fyers review](https://comparebondplatforms.com/platforms/fyers): Fyers is one of two brokers in our research, with Zerodha, that charge no brokerage on G-sec, T-bill and SDL bids, and it publishes exact cut-off times for each auction. It does not sell corporate bonds through an OBPP, and selling before maturity costs ₹20 or 0.3% of the trade, whichever is lower, plus DP charges. SEBI: Stock broker; registration number not captured in our research. Fyers is not an OBPP on either exchange list. Custody: Not stated in the articles we read. Exit: Sell on the exchange at ₹20 or 0.3% brokerage, whichever is lower, plus DP charges. Verified 17th Oct 2026.
- [Groww review](https://comparebondplatforms.com/platforms/groww): Groww runs a live, exchange enabled bond desk inside the app many retail investors already use for shares, and the bonds land in that same demat. The catch is cost and credit: Groww publishes no bond fee or spread, and its shelf on 17th Oct 2026 ran down to A- rated paper with a 16% coupon. SEBI: INZ000301838 (stock broker). Custody: In your Groww demat; holdings appear in the NSDL or CDSL consolidated account statement. Exit: The bonds page says listed bonds can be sold in the secondary market; no sell flow or buyback is published. Verified 17th Oct 2026.
- [HDFC Sky (HDFC Securities) review](https://comparebondplatforms.com/platforms/hdfc-sky): HDFC Securities accepts non-competitive bids for G-secs, T-bills and SDLs online, through the app, by phone or at a branch, charging 6 paise per ₹100 (0.06%) of the amount allotted, plus GST. It is not a registered OBPP on either exchange, and its page lists corporate bonds, SGBs, 54EC and RBI bonds without terms. SEBI: Stock broker; registration number not captured in our research. HDFC Securities is not an OBPP on either exchange list. Custody: Not verified. Exit: Not stated. Verified 17th Oct 2026.
- [ICICI Direct review](https://comparebondplatforms.com/platforms/icici-direct): ICICI Direct has the widest government and tax bond counter among the broker apps we review, with 54EC bonds and RBI Floating Rate Savings Bonds online next to G-secs and SGBs. Its bond brokerage is not published beyond a promise to stay within SEBI's limit, and third party sites quote about 0.25% on NCDs. SEBI: INZ000183631 (stock broker). Custody: Not verified. Exit: An older, now unreachable FAQ allowed only purchase transactions on its corporate bond page; current sell terms not verified. Verified 17th Oct 2026.
- [INDmoney review](https://comparebondplatforms.com/platforms/indmoney): INDmoney's broking company, Indstocks Pvt Ltd, has been an active OBPP on BSE since 8th Jun 2023 and is not on NSE's list. A bonds page exists but blocked automated reading on 17th Oct 2026, and we found no press coverage of a launch, so products, fees and minimums are unverified. SEBI: INZ000305337 (stock broker). Custody: Not verified. Exit: Not verified. Verified 17th Oct 2026.
- [Kotak Neo review](https://comparebondplatforms.com/platforms/kotak-neo): Kotak Neo's support pages cover NCD applications, buying and selling tax-free and tax saving bonds on the exchange, and SGBs, under a brokerage line that says only it will not exceed SEBI's limit. Kotak Securities is on neither exchange's OBPP list, and the bond support page does not mention G-secs or T-bills. SEBI: Stock broker; registration number not captured in our research. Kotak Securities is not an OBPP on either exchange list. Custody: Not verified. Exit: Listed bonds can be sold on the exchange, per the support section. Verified 17th Oct 2026.
- [Motilal Oswal review](https://comparebondplatforms.com/platforms/motilal-oswal): Motilal Oswal runs a separate bond site, bonds.motilaloswal.com, launched on 10th Mar 2026 and pitched by its executives at HNIs. It is an active OBPP on BSE but shows as Not enabled on NSE's 14th Oct 2026 list, and its minimums, pricing and exit terms were not readable. SEBI: INZ000158836 (stock broker). Custody: Not verified. Exit: Not disclosed. Verified 17th Oct 2026.
- [Paytm Money review](https://comparebondplatforms.com/platforms/paytm-money): Paytm Money lists bonds from the NSE and BSE order books, uses limit orders by default and shows clean and dirty prices, which suits buyers who can read an order book. It is not a registered OBPP, and forum users have reported yield figures in the app that did not match a bond's actual terms. SEBI: Stock broker; registration number not captured in our research. Paytm Money is not an OBPP on either exchange list. Custody: Not verified. Exit: Sell on the exchange order book, subject to a buyer. Verified 17th Oct 2026.
- [Upstox review](https://comparebondplatforms.com/platforms/upstox): Upstox lets its users buy listed corporate, tax-free and government bonds without opening another account, but it charges 0.06% plus GST on G-sec, T-bill and SDL bids, which Zerodha, Fyers and RBI Retail Direct do not. Its own OBPP was enabled on NSE only on 8th Oct 2026, and it has not said which entity now executes bond orders. SEBI: INZ000315837 (stock broker). Custody: In your Upstox account; an Upstox representative said no extra KYC is needed. Exit: Launch post says bonds are tradable on exchanges with no exit penalty; no sell flow is described. Verified 17th Oct 2026.
- [Zerodha review](https://comparebondplatforms.com/platforms/zerodha): Zerodha is a low cost route to government securities: primary bids carry no fee since 1st Mar 2024 and land in your Zerodha demat. It does not sell corporate bonds through the RFQ platform yet, because NSE lists its OBPP as Not enabled on 14th Oct 2026, so corporate bonds on Zerodha means the Kite order book only. SEBI: INZ000031633 (stock broker). Custody: In your Zerodha demat; G-secs bought in primary bids and held to maturity show in Coin. Exit: Sell on the exchange; costs the same as exiting any demat security. Verified 17th Oct 2026.

## Exchange order tools (sell nothing from inventory)

- [The Bond Project review](https://comparebondplatforms.com/platforms/the-bond-project): The Bond Project sells no bonds of its own, so the price it shows is the exchange price with nothing built in; you pay a flat ₹100 for 30 days and your broker's charges instead of a spread you cannot see. The catches: it works only with Zerodha today, it is residents only, and exchange liquidity in many corporate bonds is thin. SEBI: None. It is a data and order routing tool, not a broker, OBPP or adviser; execution, KYC and custody stay with your broker. Custody: Your existing Zerodha demat. The Bond Project never holds your money or bonds. Exit: Sell on the exchange order book through your broker at any time it is open; a Liquidity Indicator shows how actively each bond has traded. Verified 17th Oct 2026.

## Government channels

- [54EC capital gains bonds](https://comparebondplatforms.com/channels/54ec-bonds): 54EC bonds exist to shelter a capital gain under section 54EC (section 85 of the Income-tax Act 2025), and they pay 5.25% a year with a 5 year lock-in and no transfer or early exit. Since 14th Aug 2026 SEBI lets OBPPs sell them, but grievances stay with the issuer, not SEBI. Verified 17th Oct 2026.
- [NSE goBID](https://comparebondplatforms.com/channels/nse-gobid): NSE pools retail bids for government securities and places one non-competitive bid with RBI, so every retail bidder gets the auction's weighted average price. You reach it through a broker or the goBID web portal; the goBID mobile app has been suspended since the end of 30th Jul 2025, and goBID's own fees were not confirmed. Verified 17th Oct 2026.
- [RBI Floating Rate Savings Bonds](https://comparebondplatforms.com/channels/rbi-floating-rate-bonds): RBI Floating Rate Savings Bonds pay 8.05% for 1st Jul to 31st Dec 2026, set at the NSC rate plus 0.35% and reset every 1st Jan and 1st Jul. The catch is that your money is locked: the bond runs 7 years and cannot be traded, pledged for a loan or transferred except to a nominee or heir, and the interest is taxable with TDS. Verified 17th Oct 2026.
- [RBI Retail Direct](https://comparebondplatforms.com/channels/rbi-retail-direct): RBI Retail Direct is the no fee route to government securities: no account charge, no bidding fee, and holdings sit in a gilt account with RBI rather than a broker's demat. The trade-offs are no corporate bonds, a secondary market limited to NDS-OM's odd lot and RFQ segments, and payment gateway charges you bear yourself. Verified 17th Oct 2026.

## Comparisons

- [GoldenPi vs Wint Wealth](https://comparebondplatforms.com/compare/goldenpi-vs-wint-wealth): GoldenPi settles bonds into the demat you already have and sells government securities as well as corporate bonds; Wint Wealth puts bonds in a demat opened with its own depository participant and offers a discretionary sell-back. Neither publishes the spread inside the yield it shows.
- [Grip Invest vs Wint Wealth](https://comparebondplatforms.com/compare/grip-invest-vs-wint-wealth): Grip Invest and Wint Wealth both run their own depository participants and both offer a platform sell route, but Grip states its exit charge of 0.25% while Wint's sell-back price is at its discretion. Grip also sells securitised debt and does not accept NRIs.
- [IndiaBonds vs Wint Wealth](https://comparebondplatforms.com/compare/indiabonds-vs-wint-wealth): IndiaBonds trades on NSE and BSE with a shelf that includes G-secs, SGBs, 54EC and tax-free bonds and advertises NRI access; Wint Wealth is NSE only and sells corporate bonds and FDs. Both now run their own NSDL depository participants.
- [Stable Bonds vs Wint Wealth](https://comparebondplatforms.com/compare/stable-bonds-vs-wint-wealth): Stable Bonds and Wint Wealth both put bonds in a demat opened with their own depository participant and both run on NSE only, but they price and exit differently. Stable advertises zero brokerage with extra yield via a brokerage waiver; Wint's commission was reported at about 1% per bond.
- [Aspero vs Wint Wealth](https://comparebondplatforms.com/compare/aspero-vs-wint-wealth): Aspero, part of the Yubi group, trades on NSE and BSE and charges a platform fee shown at purchase; Wint Wealth is NSE only and earns a commission reported at about 1% per bond. SEBI fined both ₹1 lakh for routing trades outside the RFQ platform.
- [Jiraaf vs Wint Wealth](https://comparebondplatforms.com/compare/jiraaf-vs-wint-wealth): Jiraaf credits bonds to the demat you already have but offers no way to sell back through the platform; Wint Wealth puts bonds in its own demat and offers a discretionary sell-back. Jiraaf accepts Indian citizens only.
- [Altifi vs Wint Wealth](https://comparebondplatforms.com/compare/altifi-vs-wint-wealth): Altifi is run by a subsidiary of Northern Arc Capital, a listed NBFC that says it may also sell securities on the platform, and it works with your existing demat; Wint Wealth uses its own demat and offers a discretionary sell-back.
- [InCred Money vs Wint Wealth](https://comparebondplatforms.com/compare/incred-money-vs-wint-wealth): InCred Money's bond business runs as Bidd under Oro Financial Consultants and offers a paid early exit at 2%, but on 17th Oct 2026 its bond page showed no bonds available. Wint Wealth had a live shelf and a discretionary sell-back.
- [Groww vs Wint Wealth](https://comparebondplatforms.com/compare/groww-vs-wint-wealth): Groww is a stock broker that sells corporate bonds through NSE's RFQ platform and puts them in your existing Groww demat; Wint Wealth is a specialist that uses its own demat and offers a sell-back. Groww publishes no bond charges, and Wint's commission was reported at about 1%.
- [GoldenPi vs IndiaBonds](https://comparebondplatforms.com/compare/goldenpi-vs-indiabonds): GoldenPi and IndiaBonds are two of the oldest specialist platforms on both exchanges, with similarly broad shelves; the main difference is custody, since GoldenPi uses your existing demat and IndiaBonds now runs its own depository participant. IndiaBonds advertises NRI access; GoldenPi's NRI terms were not verified.
- [GoldenPi vs Grip Invest](https://comparebondplatforms.com/compare/goldenpi-vs-grip-invest): GoldenPi sells corporate bonds and government securities into your own demat; Grip Invest sells corporate bonds and securitised debt, offers its own demat and a paid sell route, and does not accept NRIs.
- [Bondbazaar vs GoldenPi](https://comparebondplatforms.com/compare/bondbazaar-vs-goldenpi): Bondbazaar and GoldenPi have both been on BSE since early 2023 and both say they charge investors nothing, but Bondbazaar holds bonds in a CDSL demat it opens for you while GoldenPi uses yours. Bondbazaar also lets you place orders on the exchange order book as well as RFQ.
- [Grip Invest vs Stable Bonds](https://comparebondplatforms.com/compare/grip-invest-vs-stable-bonds): Grip Invest and Stable Bonds both run their own demat and both offer a sell route, but Grip states a 0.25% charge after about 2 months while Stable promises zero exit fee inside a penalty-free window and reserves a spread or penalty after it. Grip sells securitised debt; Stable sells PSU, state government and NBFC bonds.
- [Grip Invest vs Jiraaf](https://comparebondplatforms.com/compare/grip-invest-vs-jiraaf): Grip Invest and Jiraaf both sell corporate bonds and securitised debt to resident Indians only; Grip offers a paid sell route and Jiraaf offers none. Jiraaf credits bonds to your existing demat and also sells T-bills and G-secs.
- [Aspero vs Grip Invest](https://comparebondplatforms.com/compare/aspero-vs-grip-invest): Aspero shows a platform fee at purchase and offers no buyback, while Grip Invest says it charges nothing on purchase and 0.25% on its sell route. Aspero's shelf includes government, tax-free and 54EC bonds; Grip's includes securitised debt.
- [Aspero vs IndiaBonds](https://comparebondplatforms.com/compare/aspero-vs-indiabonds): Aspero and IndiaBonds are both on NSE and BSE with broad shelves that include government bonds, SGBs, tax-free and 54EC bonds, and both now run NSDL depository participants. Aspero shows a platform fee at purchase and was fined ₹1 lakh by SEBI; IndiaBonds advertises NRI access and has no penalty on record.
- [IndiaBonds vs Stable Bonds](https://comparebondplatforms.com/compare/indiabonds-vs-stable-bonds): IndiaBonds trades on both exchanges with a wide shelf and advertises NRI access; Stable Bonds runs on NSE only, sells through the Stable Money app and offers a sell route with conditions. Both run their own depository participants.
- [Jiraaf vs Stable Bonds](https://comparebondplatforms.com/compare/jiraaf-vs-stable-bonds): Jiraaf uses your existing demat and offers no exit route; Stable Bonds opens its own demat and offers a conditional sell route. Both show the platform sets the yield: Jiraaf pays more for larger quantities and Stable shows a brokerage waiver strike-off.
- [Groww vs Stable Bonds](https://comparebondplatforms.com/compare/groww-vs-stable-bonds): Groww is a large broker that sells public NCD issues and RFQ bonds into your Groww demat and publishes no bond charges; Stable Bonds is a specialist with its own CDSL demat, zero-brokerage pricing and a conditional sell route. Groww describes no sell flow for bonds.
- [Groww vs Zerodha](https://comparebondplatforms.com/compare/groww-vs-zerodha): Groww is an enabled bond platform that sells corporate bonds through NSE's RFQ platform and public NCD issues in its app. Zerodha holds an OBPP registration but is not enabled, so on Kite you buy listed bonds on the exchange order book and bid for G-secs, T-bills and SDLs without a fee.
- [RBI Retail Direct vs Zerodha](https://comparebondplatforms.com/compare/rbi-retail-direct-vs-zerodha): RBI Retail Direct and Zerodha both let you bid for T-bills, G-secs and SDLs without a fee; the difference is where the securities sit and how you sell them. Retail Direct holds them in a gilt account with RBI and sells on NDS-OM, while Zerodha keeps them in your demat and sells on the exchange.
- [Aspero vs The Bond Project](https://comparebondplatforms.com/compare/aspero-vs-the-bond-project): Aspero sells listed bonds from a curated shelf through the RFQ platform with a platform fee shown at purchase; The Bond Project shows the exchange order book for every listed bond and routes your order to Zerodha with no fee per order.
- [GoldenPi vs The Bond Project](https://comparebondplatforms.com/compare/goldenpi-vs-the-bond-project): Both leave bonds in your own existing demat. GoldenPi sells from a broad shelf with an undisclosed spread and no transaction charge; The Bond Project shows the exchange price and charges a flat subscription instead.
- [Grip Invest vs The Bond Project](https://comparebondplatforms.com/compare/grip-invest-vs-the-bond-project): Grip sells bonds and securitised debt from its own shelf with a stated 0.25% early exit; The Bond Project sells nothing itself and shows the exchange order book for listed bonds.
- [Groww vs The Bond Project](https://comparebondplatforms.com/compare/groww-vs-the-bond-project): Groww sells bonds through its NSE enabled desk into your Groww demat without publishing any bond fee or spread; The Bond Project shows the exchange price and routes orders to Zerodha for a flat subscription.
- [IndiaBonds vs The Bond Project](https://comparebondplatforms.com/compare/indiabonds-vs-the-bond-project): IndiaBonds sells a wide shelf, including to NRIs, with T&C that allow fees and a spread label on its cards; The Bond Project adds no spread, shows the exchange order book, and is for residents using Zerodha.
- [Stable Bonds vs The Bond Project](https://comparebondplatforms.com/compare/stable-bonds-vs-the-bond-project): Stable Bonds markets zero brokerage but keeps bonds in a demat it opens and, per third parties, prices in a spread; The Bond Project adds no spread and uses your existing Zerodha demat.
- [The Bond Project vs Wint Wealth](https://comparebondplatforms.com/compare/the-bond-project-vs-wint-wealth): Wint sells bonds from its own inventory with a reported 1% commission inside the price and a discretionary sell-back; The Bond Project sells nothing itself and shows the exchange price for a flat subscription.
- [The Bond Project vs Zerodha](https://comparebondplatforms.com/compare/the-bond-project-vs-zerodha): The Bond Project runs on top of your Zerodha account: Kite executes the order, while The Bond Project adds the bond search, order book depth, yields, ratings and cash flows that Kite does not show.
- [GoldenPi vs Stable Bonds](https://comparebondplatforms.com/compare/goldenpi-vs-stable-bonds): GoldenPi settles bonds into the demat you already have and sells G-secs, T-bills, SGBs, tax-free and 54EC bonds alongside corporate bonds; Stable Bonds opens a CDSL demat for you inside the Stable Money app and markets selling anytime with zero exit fee, subject to conditions in its terms. GoldenPi is active on both exchanges and was fined ₹4.5 lakh by SEBI in 2025, while Stable runs on NSE only after closing its BSE platform on 27th Nov 2025.
- [Grip Invest vs IndiaBonds](https://comparebondplatforms.com/compare/grip-invest-vs-indiabonds): Grip Invest sells corporate bonds and securitised debt on NSE with a stated 0.25% charge to sell after about 2 months, and does not accept NRIs. IndiaBonds trades on NSE and BSE with a wider shelf that includes G-secs, SGBs and 54EC bonds and advertises NRI access, but its exit terms could not be read.
- [IndiaBonds vs Zerodha](https://comparebondplatforms.com/compare/indiabonds-vs-zerodha): IndiaBonds is an online bond platform enabled on NSE and BSE that sells corporate bonds, NCD IPOs and government securities through the exchange RFQ platform, while Zerodha's bond platform is Not enabled on NSE, so on Zerodha you buy listed bonds on the Kite order book and bid for G-secs, T-bills and SDLs. IndiaBonds now runs its own depository participant; Zerodha keeps bonds in the demat with your shares.
- [RBI Retail Direct vs Wint Wealth](https://comparebondplatforms.com/compare/rbi-retail-direct-vs-wint-wealth): RBI Retail Direct and Wint Wealth sell different things: Retail Direct offers T-bills, G-secs, SDLs and SGBs from RBI with no account or bid fee, while Wint Wealth sells corporate bonds and FDs with its margin built into the price. Neither carries the other's products, so the real choice is between government credit at auction yields and corporate credit at higher advertised yields.

## Bond yields by company and platform

- [All companies](https://comparebondplatforms.com/prices): displayed yield for each bond on each platform, grouped by issuer, dated.
- [Sovereign Gold Bonds](https://comparebondplatforms.com/prices/sovereign-gold-bonds): price a gram for all 45 live SGB series against the IBJA gold rate on The Bond Project; no bond platform had SGBs on public sale.
- [Navi Finserv Limited](https://comparebondplatforms.com/prices/navi-finserv): 14 bonds on 12 platforms, YTM 8.50% to 11.00%, lowest rating shown CRISIL A. Read 17th Oct 2026.
- [Indel Money Limited](https://comparebondplatforms.com/prices/indel-money): 11 bonds on 11 platforms, YTM 9.00% to 12.35%, lowest rating shown BBB+. Read 17th Oct 2026.
- [Earlysalary Services Private Limited](https://comparebondplatforms.com/prices/earlysalary-services): 10 bonds on 11 platforms, YTM 7.50% to 11.25%, lowest rating shown CARE A-. Read 17th Oct 2026.
- [Muthoot Fincorp Limited](https://comparebondplatforms.com/prices/muthoot-fincorp): 16 bonds on 10 platforms, YTM 8.25% to 11.00%, lowest rating shown AA-. Read 17th Oct 2026.
- [Kosamattam Finance Limited](https://comparebondplatforms.com/prices/kosamattam-finance): 9 bonds on 10 platforms, YTM 8.25% to 10.45%, lowest rating shown IND A. Read 17th Oct 2026.
- [Keertana Finserv Private Limited](https://comparebondplatforms.com/prices/keertana-finserv): 8 bonds on 10 platforms, YTM 8.00% to 12.40%, lowest rating shown BBB+. Read 17th Oct 2026.
- [Vivriti Capital Private Limited](https://comparebondplatforms.com/prices/vivriti-capital): 7 bonds on 10 platforms, YTM 9.01% to 10.26%, lowest rating shown CRISIL A+. Read 17th Oct 2026.
- [Satin Finserv Limited](https://comparebondplatforms.com/prices/satin-finserv): 6 bonds on 10 platforms, YTM 11.00% to 12.10%, lowest rating shown ICRA A-. Read 17th Oct 2026.
- [Aye Finance Private Limited](https://comparebondplatforms.com/prices/aye-finance): 3 bonds on 10 platforms, YTM 8.25% to 10.52%, lowest rating shown IND A. Read 17th Oct 2026.
- [IIFL Finance Limited](https://comparebondplatforms.com/prices/iifl-finance): 8 bonds on 9 platforms, YTM 0.10% to 10.84%, lowest rating shown AA. Read 17th Oct 2026.
- [Incred Financial Services Limited](https://comparebondplatforms.com/prices/incred-financial-services): 6 bonds on 9 platforms, YTM 0.10% to 9.60%, lowest rating shown AA-. Read 17th Oct 2026.
- [Progfin Private Limited](https://comparebondplatforms.com/prices/progfin): 6 bonds on 9 platforms, YTM 9.50% to 11.50%, lowest rating shown BBB+. Read 17th Oct 2026.
- [Finnable Credit Private Limited](https://comparebondplatforms.com/prices/finnable-credit): 4 bonds on 9 platforms, YTM 10.50% to 14.11%, lowest rating shown CARE BBB. Read 17th Oct 2026.
- [Muthoot Capital Services Limited](https://comparebondplatforms.com/prices/muthoot-capital-services): 4 bonds on 9 platforms, YTM 8.25% to 9.75%, lowest rating shown AA-. Read 17th Oct 2026.
- [Muthoot Mcred Limited](https://comparebondplatforms.com/prices/muthoot-mcred): 8 bonds on 8 platforms, YTM 8.25% to 11.00%, lowest rating shown A. Read 17th Oct 2026.
- [IIFL Samasta Finance Limited](https://comparebondplatforms.com/prices/iifl-samasta-finance): 7 bonds on 8 platforms, YTM 8.30% to 11.62%, lowest rating shown AA-. Read 17th Oct 2026.
- [Ugro Capital Limited](https://comparebondplatforms.com/prices/ugro-capital): 6 bonds on 8 platforms, YTM 9.75% to 12.75%, lowest rating shown IND A. Read 17th Oct 2026.
- [Krazybee Services Limited](https://comparebondplatforms.com/prices/krazybee-services): 5 bonds on 8 platforms, YTM 8.00% to 10.25%, lowest rating shown CRISIL A. Read 17th Oct 2026.
- [Laxmi India Finance Limited](https://comparebondplatforms.com/prices/laxmi-india-finance): 4 bonds on 8 platforms, YTM 10.65% to 11.20%, lowest rating shown A. Read 17th Oct 2026.
- [Adani Enterprises Limited](https://comparebondplatforms.com/prices/adani-enterprises): 6 bonds on 7 platforms, YTM 7.85% to 9.81%, lowest rating shown ICRA AA-. Read 17th Oct 2026.
- [Profectus Capital Private Limited](https://comparebondplatforms.com/prices/profectus-capital): 5 bonds on 7 platforms, YTM 9.22% to 10.60%, lowest rating shown A. Read 17th Oct 2026.
- [Hinduja Leyland Finance Limited](https://comparebondplatforms.com/prices/hinduja-leyland-finance): 4 bonds on 7 platforms, YTM 8.10% to 9.20%, lowest rating shown CARE AA. Read 17th Oct 2026.
- [Muthoot Microfin Limited](https://comparebondplatforms.com/prices/muthoot-microfin): 4 bonds on 7 platforms, YTM 8.45% to 9.85%, lowest rating shown AA-. Read 17th Oct 2026.
- [IKF Finance Limited](https://comparebondplatforms.com/prices/ikf-finance): 3 bonds on 7 platforms, YTM 8.75% to 9.55%, lowest rating shown AA-. Read 17th Oct 2026.
- [Adani Airport Holdings Limited](https://comparebondplatforms.com/prices/adani-airport-holdings): 2 bonds on 7 platforms, YTM 8.35% to 9.05%, lowest rating shown IND AA-. Read 17th Oct 2026.
- [Manba Finance Limited](https://comparebondplatforms.com/prices/manba-finance): 8 bonds on 6 platforms, YTM 10.00% to 11.20%, lowest rating shown BBB+. Read 17th Oct 2026.
- [Capri Global Capital Limited](https://comparebondplatforms.com/prices/capri-global-capital): 6 bonds on 6 platforms, YTM 8.25% to 10.10%, lowest rating shown AA. Read 17th Oct 2026.
- [Aditya Birla Capital Limited](https://comparebondplatforms.com/prices/aditya-birla-capital): 4 bonds on 6 platforms, YTM 6.80% to 8.42%, lowest rating shown AAA. Read 17th Oct 2026.
- [Akara Capital Advisors Private Limited](https://comparebondplatforms.com/prices/akara-capital-advisors): 4 bonds on 6 platforms, YTM 12.00% to 14.00%, lowest rating shown ICRA BBB. Read 17th Oct 2026.
- [Moneyboxx Finance Limited](https://comparebondplatforms.com/prices/moneyboxx-finance): 4 bonds on 6 platforms, YTM 11.50% to 13.00%, lowest rating shown CRISIL BBB. Read 17th Oct 2026.
- [Paisalo Digital Limited](https://comparebondplatforms.com/prices/paisalo-digital): 4 bonds on 6 platforms, YTM 9.12% to 10.46%, lowest rating shown BWR AA. Read 17th Oct 2026.
- [MAS Financial Services Limited](https://comparebondplatforms.com/prices/mas-financial-services): 3 bonds on 6 platforms, YTM 8.75% to 9.50%, lowest rating shown CARE AA-. Read 17th Oct 2026.
- [CreditAccess Grameen Limited](https://comparebondplatforms.com/prices/creditaccess-grameen): 2 bonds on 6 platforms, YTM 8.50% to 9.46%, lowest rating shown ICRA AA-. Read 17th Oct 2026.
- [DMI Finance Private Limited](https://comparebondplatforms.com/prices/dmi-finance): 2 bonds on 6 platforms, YTM 9.00% to 9.81%, lowest rating shown ICRA AA. Read 17th Oct 2026.
- [Government of India (G-secs and T-bills)](https://comparebondplatforms.com/prices/government-of-india): 19 bonds on 5 platforms, YTM 5.00% to 7.94%, lowest rating shown Sovereign. Read 17th Oct 2026.
- [Bajaj Finance Limited](https://comparebondplatforms.com/prices/bajaj-finance): 5 bonds on 5 platforms, YTM 6.95% to 8.10%, lowest rating shown CRISIL AAA. Read 17th Oct 2026.
- [Best Capital Services Limited](https://comparebondplatforms.com/prices/best-capital-services): 5 bonds on 5 platforms, YTM 12.30% to 13.70%, lowest rating shown BBB. Read 17th Oct 2026.
- [Asirvad Micro Finance Limited](https://comparebondplatforms.com/prices/asirvad-micro-finance): 4 bonds on 5 platforms, YTM 9.00% to 10.55%, lowest rating shown AA-. Read 17th Oct 2026.
- [Greaves Finance Limited](https://comparebondplatforms.com/prices/greaves-finance): 3 bonds on 5 platforms, YTM 10.00% to 11.35%, lowest rating shown IND A-. Read 17th Oct 2026.
- [Mahaveer Finance (India) Limited](https://comparebondplatforms.com/prices/mahaveer-finance): 3 bonds on 5 platforms, YTM 11.00% to 12.60%, lowest rating shown BBB+. Read 17th Oct 2026.

## Best for a need (criteria stated, not ranked)

- [Best bond platform in India: options by need, with the criteria we check](https://comparebondplatforms.com/best/bond-platform-in-india): No bond platform is best for every investor, so this page lists platforms and channels that suit different needs, in alphabetical order, and shows each against 6 checks: exchange registry status, custody, disclosed fees and exit, shelf credit by lowest rating, regulatory record and product range.
- [Bond platforms that use the demat you already have](https://comparebondplatforms.com/best/keep-your-existing-demat): GoldenPi, Jiraaf, Altifi, BondScanner and Digifinn settle bonds into an existing demat at any depository participant, and broker apps credit bonds to the demat you already hold with them. Wint Wealth, Stable Bonds and Bondbazaar open a demat of their own.
- [Where NRIs can buy bonds in India](https://comparebondplatforms.com/best/nri-investors): RBI Retail Direct accepts non-residents eligible under FEMA, and IndiaBonds and Bonds Kart advertise NRI access. Grip Invest and Jiraaf exclude NRIs, and most other platforms do not publish their rules clearly enough to verify.
- [Where to buy 54EC capital gains bonds](https://comparebondplatforms.com/best/54ec-bonds): 54EC bonds from REC, PFC, IRFC and HUDCO pay 5.25% with a 5 year lock-in and are listed by ICICI Direct and several bond platforms. SEBI formally allowed online bond platforms to sell them from 14th Aug 2026.
- [Where to buy bonds with a small ticket](https://comparebondplatforms.com/best/small-tickets): On 17th Oct 2026 the cheapest live corporate bond tickets on several platforms were close to ₹10,000 per unit, and government securities start at ₹10,000. Advertised starts of ₹100 or ₹1,000 rarely matched what was on the shelf.
- [Where to buy G-secs and T-bills without paying a fee](https://comparebondplatforms.com/best/government-bonds-and-t-bills): RBI Retail Direct, Zerodha and Fyers let you bid for T-bills, dated G-secs and SDLs in RBI's primary auctions without a bid fee. Upstox and HDFC Securities charge 0.06% of the allotment, plus GST at Upstox.
- [Where you can sell a bond before maturity](https://comparebondplatforms.com/best/selling-before-maturity): Grip Invest, InCred Money's Bidd, Stable Bonds and Wint Wealth publish their own sell routes with stated terms, and none promises a sale at a fixed price. Brokers and RBI Retail Direct let you sell on the exchange or on NDS-OM at whatever a buyer pays.

## Bond questions answered

- [How do I buy bonds in India?](https://comparebondplatforms.com/faq/how-to-buy-bonds-in-india): 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.
- [Which is the best and safest bond platform?](https://comparebondplatforms.com/faq/best-safest-bond-platform): 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.
- [Are Wint Wealth, Grip, Stable, Aspero and other bond apps safe or legit?](https://comparebondplatforms.com/faq/are-bond-platforms-safe): 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.
- [Bonds vs FD: which is better?](https://comparebondplatforms.com/faq/bonds-vs-fd): 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.
- [How is bond interest taxed?](https://comparebondplatforms.com/faq/how-is-bond-interest-taxed): 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).
- [Is TDS deducted on bond and NCD interest?](https://comparebondplatforms.com/faq/tds-on-bond-interest): 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.
- [Is an SGB bought on the exchange still tax-free at maturity?](https://comparebondplatforms.com/faq/sgb-tax-free-secondary-market): 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.
- [How do I buy T-bills and what yield will I get?](https://comparebondplatforms.com/faq/how-to-buy-t-bills): 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.
- [When is interest paid, and do I get it if I sell before the record date?](https://comparebondplatforms.com/faq/record-date-and-interest-payment): 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.
- [GoldenPi vs IndiaBonds vs Wint vs Stable vs Grip: which is better?](https://comparebondplatforms.com/faq/which-bond-platform-is-better): 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.
- [Are corporate bonds safe in India?](https://comparebondplatforms.com/faq/are-corporate-bonds-safe): 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.
- [Is a 12% to 15% bond too good to be true?](https://comparebondplatforms.com/faq/high-yield-bonds-too-good-to-be-true): 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.
- [Can I sell a bond before maturity?](https://comparebondplatforms.com/faq/sell-bonds-before-maturity): 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.
- [If the coupon is 9%, do I earn 9%? (YTM vs coupon)](https://comparebondplatforms.com/faq/ytm-vs-coupon): 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.
- [Is this bond platform SEBI registered? How do I check?](https://comparebondplatforms.com/faq/check-sebi-registration): 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.
- [Are the bonds I buy on a platform held in my own demat?](https://comparebondplatforms.com/faq/are-bonds-in-my-demat): 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.
- [54EC bonds: where to buy, limits and lock-in?](https://comparebondplatforms.com/faq/54ec-bonds-where-to-buy): 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.
- [What happens if the bond issuer defaults?](https://comparebondplatforms.com/faq/what-if-issuer-defaults): 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.
- [How do I buy G-secs and SDLs?](https://comparebondplatforms.com/faq/how-to-buy-gsecs-and-sdls): 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.
- [RBI Retail Direct or my broker: which should I use?](https://comparebondplatforms.com/faq/rbi-retail-direct-or-broker): 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.
- [Why do SGBs trade at a premium or discount to gold?](https://comparebondplatforms.com/faq/sgb-premium-discount): 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.
- [Can NRIs buy bonds in India?](https://comparebondplatforms.com/faq/can-nris-buy-bonds): 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.
- [Why does the same bond show a different yield on two apps?](https://comparebondplatforms.com/faq/same-bond-different-yield): 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.
- [I'm in the 30% slab: are 10% to 12% bonds worth it?](https://comparebondplatforms.com/faq/bonds-for-30-percent-tax-slab): 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.
- [How do I buy corporate bonds on Zerodha?](https://comparebondplatforms.com/faq/buy-bonds-on-zerodha): 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.
- [What is the minimum investment? Can I start with ₹1,000?](https://comparebondplatforms.com/faq/minimum-investment-in-bonds): 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.
- [What happens to my bonds if the platform shuts down?](https://comparebondplatforms.com/faq/what-if-platform-shuts-down): 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.
- [Clean price vs dirty price: do I pay accrued interest?](https://comparebondplatforms.com/faq/clean-price-vs-dirty-price): 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.
- [Which bonds pay monthly interest, and what is the catch?](https://comparebondplatforms.com/faq/monthly-interest-bonds): 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.
- [What do AAA, AA, A and BBB mean, and what is the Credit Risk-o-Meter?](https://comparebondplatforms.com/faq/credit-ratings-and-risk-o-meter): 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.
- [Secured vs unsecured vs subordinated: which is safer?](https://comparebondplatforms.com/faq/secured-vs-unsecured-vs-subordinated): 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.
- [Is GoldenPi or Wint Wealth part of Zerodha?](https://comparebondplatforms.com/faq/goldenpi-wint-zerodha-link): 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.
- [Do I need a new demat for every bond platform, and will it break BSDA?](https://comparebondplatforms.com/faq/new-demat-for-each-platform): 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.
- [How do I report accrued interest paid at purchase in my ITR?](https://comparebondplatforms.com/faq/accrued-interest-in-itr): 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.
- [Are referral bonuses and "extra yield" offers on bond apps allowed?](https://comparebondplatforms.com/faq/referral-bonuses-on-bond-apps): 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.
- [What is an online bond platform provider (OBPP), and which ones are SEBI registered?](https://comparebondplatforms.com/faq/what-is-an-online-bond-platform): 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).
- [Corporate bonds vs government bonds: what is the difference?](https://comparebondplatforms.com/faq/corporate-bonds-vs-government-bonds): 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.
- [Bonds vs T-bills: what is the difference, and which pays more?](https://comparebondplatforms.com/faq/bonds-vs-t-bills): 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.
- [G-sec vs T-bill: what is the difference between government bonds and treasury bills?](https://comparebondplatforms.com/faq/gsec-vs-t-bills): 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.
- [SGB vs gold ETF: which is better?](https://comparebondplatforms.com/faq/sgb-vs-gold-etf): 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.
- [Bonds vs mutual funds (debt funds): which is better?](https://comparebondplatforms.com/faq/bonds-vs-mutual-funds): 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.
- [Tax-free bonds in India: are they still available, and how are they taxed?](https://comparebondplatforms.com/faq/tax-free-bonds): 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.
- [Bonds vs stocks: what is the difference, and is a bond debt or equity?](https://comparebondplatforms.com/faq/bonds-vs-stocks): 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.
- [Bond vs debenture: what is the difference, and what is an NCD?](https://comparebondplatforms.com/faq/bonds-vs-debentures): 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.

## Method and data

- [Methodology](https://comparebondplatforms.com/methodology): how facts are sourced, dated and refreshed; why there are no stars or rankings.
- [Disclosures](https://comparebondplatforms.com/disclosures): ownership and the zero referral income policy.
- [Open data](https://comparebondplatforms.com/data): platforms.json, registry.json, registry.csv and faq.json under CC BY 4.0.
- [Full text](https://comparebondplatforms.com/llms-full.txt): every answer and review in one Markdown file.