Bond investing: 5 online platforms to buy bonds

Five online platforms exist for bond investing, catering to those seeking high-yield yet relatively safe investment options. Paisabazaar, IndiaBonds, Jiraaf, Grip Invest, and Bondbazaar are among the prominent platforms offering a variety of bonds from government, corporate, and other entities.

Paisabazaar allows a minimum investment of Rs 1,000 and promises up to 13.50% returns on bond investments. To invest, users must complete the Know Your Customer (KYC) process, link bank and demat accounts, and select a bond that matches their financial goals.

IndiaBonds has a minimum investment range from Rs 10,000 to Rs 10 lakh, depending on the product type and underlying bonds. Investors can log in or sign up, select a bond, complete paperless KYC, and make direct payments.

Jiraaf boasts over 2 lakh users and has facilitated over Rs 2,000 crores in investments. To invest, users must fill in basic details, verify their identity via Aadhaar, add bank and Demat account information, and confirm KYC details.

Grip Invest, founded in 2020, claims to have a community of over 5 lakh investors and has enabled Rs 5,420 crores in investments. Registration via mobile number and email ID allows users to view available bonds, complete one-time KYC, select a bond, and place orders digitally. Funds are transferred instantly to the NSE Clearing Account, and bonds become available in the customer's Demat account within one business day.

Bondbazaar offers a wide selection of 8,000+ bonds without any brokerages, account opening, or maintenance fees. Users can sign up, complete KYC, link their Demat and bank accounts, browse and select bonds, place orders, and monitor or sell bonds anytime.