Bond platform
Bondbazaar review
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.
Verified
Bondbazaar official site We earn nothing from this link.
Key facts
- Legal entity
- Bondbazaar Securities Pvt Ltd source
- Group or backers
- Founded in 2020 by Suresh Darak; bootstrapped with no external equity as of Jul 2025. Board shown under Debtlife Holdings. reported source
- SEBI registration
- INZ000303236 (stock broker); also a CDSL DP, DP ID 12096100 source
- NSE OBPP status
- Enabled since 15th Mar 2023 source
- BSE OBPP status
- Active since 10th Mar 2023 source
- Where your bonds sit
- In a Bondbazaar opened CDSL demat; its FAQ says an existing demat cannot be linked source
- Minimum investment
- ₹100 for government securities and ₹1,000 for corporate bonds, per its FAQ; in practice one unit of the chosen bond source
- Fees and markup
- No brokerage, account opening or maintenance charges claimed. Terms reserve the right to levy charges. Any spread in the quoted yield is not disclosed. source
- Yield shown as
- Not disclosed on the pages checked source
- Selling before maturity
- Sell on NSE or BSE, or ask its customer service team; at market prices if a buyer exists. No buyback. source
- Settlement
- Exchange order book or RFQ, settled through ICCL or NSE Clearing pool accounts; cycle not stated source
- Credit range on shelf
- Advertised returns of 8% to 14%; a third-party review reports ratings from AAA to D reported source
- NRI access
- Not disclosed on the pages checked source
- Play Store (India)
- 4.2 from 179 ratings, read 17th Oct 2026 source
- App Store (India)
- 4.47 from 30 ratings, read 17th Oct 2026 source
- SEBI or exchange actions
- None found as of 25th Sep 2026 (third-party check) reported source
Sells: Corporate bondsNCD issuesG-secsSDLsSGBsTax-free bonds54EC bonds
Suits
- Investors who want G-secs, SDLs and corporate bonds on one platform
- Small first tickets in government securities
- Buyers who are fine holding bonds in a separate CDSL demat
Watch out for
- Bonds go into a Bondbazaar opened demat, not your existing one
- Spread in the quoted yield is not disclosed
- No buyback; selling depends on a buyer on the exchange
- Leadership change in 2026 has not been explained publicly
What do you pay to buy a bond on Bondbazaar?
Bondbazaar says customers pay no brokerage, account opening or maintenance charges (about, FAQ). Its founder has said revenue comes mainly from issuer fees in primary issues and that secondary trading is free for retail investors (Founder Thesis). A separate Jul 2025 quote describes income as coming from both primary and secondary business, and the terms reserve the right to levy brokerage and statutory charges (review).
What Bondbazaar does not say is whether the yield you see includes a dealer margin. Its disclaimer refers to inventories offered on the platform, which points to a principal model. Comparing the same ISIN on another platform is the only way to see the gap; our FAQ on why the same bond shows a different yield explains the method.
Do you need a new demat account for Bondbazaar?
Yes. Bondbazaar's FAQ says its accounts are maintained only with CDSL and that there is currently no way to link an existing demat, so your bonds sit in a demat Bondbazaar opens for you (FAQ). It is registered as a CDSL depository participant under IN-DP-700-2022, DP ID 12096100 (about). A third-party review says bonds can be credited to a CDSL or NSDL account, which conflicts with the FAQ (review).
A second demat has costs of its own. Read do I need a new demat for every bond platform before opening one. GoldenPi and Digifinn work with the demat you already have.
Can you sell a bond before maturity on Bondbazaar?
You can sell on NSE or BSE yourself, or ask Bondbazaar's customer service team to help, at the prevailing market price and only if a buyer exists (FAQ, about). There is no buyback promise and no published sell fee.
Money sits in a wallet funded by UPI or net banking, and withdrawals take up to 2 working days. KYC needs PAN, Aadhaar, bank details and a signature on plain paper; exchange activation can take 48 hours (FAQ).
What can you buy on Bondbazaar?
The shelf covers G-secs, SDLs, corporate bonds across ratings, tax-free bonds, capital gains bonds and SGBs (Founder Thesis), plus bond IPOs and corporate bond tri-party repo; it also distributes mutual funds under ARN 302461 (about). Orders can go to the exchange order book or to RFQ (FAQ).
We found no FDs, securitised debt, commercial paper or GIFT City products. For government securities without any platform in between, compare RBI Retail Direct.
Who owns Bondbazaar, and what happened with TruCap?
Suresh Darak, a chartered accountant who ran the bond desk at L&T Financial Services for 13 years, founded Bondbazaar in 2020 and kept it bootstrapped (Founder Thesis). The board is presented under Debtlife Holdings with director Sujal Desai (about). A third-party review found that by 25th Sep 2026 the KMP page listed directors Prashant Shenoy and Sujal Desai but not Darak, with no announcement of the change (review). Tracxn reports bank borrowings above ₹90 crore; the borrowing entity is not verified (Tracxn).
When TruCap Finance defaulted in Jul 2025, Darak told Mint that Bondbazaar had disabled trading in TruCap beforehand, as reported by a third-party review (review). We found no SEBI or exchange order against Bondbazaar.
Questions people ask
Is Bondbazaar SEBI registered?
Yes. Bondbazaar Securities Pvt Ltd is a SEBI registered stock broker (INZ000303236), enabled as an OBPP on NSE since 15th Mar 2023 and active on BSE since 10th Mar 2023.
Can I link my existing demat to Bondbazaar?
Not at present, according to its FAQ. Bondbazaar opens a CDSL demat for you as its own depository participant.
Does Bondbazaar charge brokerage?
It says it charges no brokerage, account opening or maintenance fees. It does not disclose whether the quoted yield includes a margin for the platform.
What is the minimum investment on Bondbazaar?
Its FAQ says ₹100 for government securities and ₹1,000 for corporate bonds. The real minimum is one unit of the bond you pick, which can run to ₹1 lakh or more.
Sources
- Bondbazaar about page
- Bondbazaar FAQs
- Founder Thesis profile of Suresh Darak, 30th Jul 2025
- KnowYourBrokerage Bondbazaar review, 25th Sep 2026 (third party)
- Tracxn profile of Bondbazaar
- Bondbazaar on Google Play
- Bondbazaar on the App Store (India)
- NSE list of registered OBPPs, updated 14th Oct 2026
- BSE OBPP member list, file dated 24th Sep 2026