Bonds vs FD: the post-tax comparison
Put the same money in a bond and a fixed deposit, then compare the outcome after tax.
India’s complete bond platform
Corporate bonds, G-Secs, SDLs and NCDs on one desk. Market YTM and Investor XIRR on every bond, live inventory from the Binary Capital book, and settlement that lands in your demat.
Coupons are public. Indicative offer yields refresh through the trading day.

Sovereign & issuer paper on the desk







Clearing-aware settlement and demat credit through a scheduled commercial bank.

The desk in numbers
Indicative · Oct 2026
The short answer
Binary Bonds is an Indian fixed-income platform for discovering, pricing and allocating corporate bonds, G-Secs, SDLs and NCDs. Coupons and indicative offer yields are public; live offer sheets unlock after sign-in.
The platform is built around one rule: every number is sourced from the same desk quote the bond page shows. Featured shelves re-filter live inventory instead of freezing a brochure, so what you browse is what the desk can actually deal. When a ticket is large or a bond is illiquid, the desk confirms price, accrued interest and settlement terms before funds move.
Market YTM and Investor XIRR on every bond, kept independent of coupon.
Only bonds with a current quote and complete terms are listed.
Orders are human-verified, with KYC and demat settlement.
Live desk book
A representative ladder from the desk: sovereign ballast, PSU credit, NBFC paper and deep-discount high yield — each with both yield measures.
Government of India
Government of Rajasthan
Power Grid Corporation of India
Hinduja Housing Finance
Kaabil Finance
Cholamandalam Investment & Finance
Showing 6 of 30,000+ live quotes. Indicative yields, refreshed through the trading day. Minimum tickets shown per bond.
Open the full catalogueThe platform
Every number is sourced from the same desk quote the bond page shows. No invented yields, no stale shelves, no brochure maths.
Market YTM and Investor XIRR on every bond. Coupon stays independent of offer yield, so you always see both numbers.
Only bonds with a current desk quote and complete terms are listed. Featured shelves re-filter live inventory.
Map coupon dates, maturities and reinvestment. Keep duration and credit aligned with the mandate.
Desk-mediated orders with clearing-house aware settlement and demat support through Federal Bank.
Two numbers, one bond. Price, accrued interest and cashflow timing are not the same question — so we never collapse them into one headline yield.
See it on a live bondWhat you can buy
From sovereign ballast to high-yield credit — every product is quoted, confirmed and settled by the same desk.

Investment-grade and high-quality corporates across tenors, with transparent yields and desk depth when tickets get large.

Sovereign paper for ballast and duration, with auction participation and secondary books.

State development loans for yield pick-up over G-Secs with familiar sovereign-adjacent risk.

NCD issuances and public debt offers with issue calendars, allotment support and post-listing cover.

Tax-aware sleeves and specialty fixed income when the mandate calls for structure beyond vanilla corporates.
How it works
Desk-mediated by design: every order is confirmed by a person before funds move, so price and terms are never a surprise.
Filter live offers by offer yield, credit rating, issuer and tenure. Coupons and indicative yields are public.
Your relationship manager confirms quantity, price, accrued interest and settlement terms before funds move.
KYC and demat checks, clearing-house aware settlement, and bonds credited to your demat on a T+1 style timeline.
Desk notes
Short, practical notes on yields, tax and credit — written for people who actually allocate, not for a syllabus.
Questions
The six things allocators ask the desk most often. Anything else, the desk answers in one working day.
Binary Bonds is an Indian fixed-income platform for discovering, pricing, and allocating corporate bonds, G-Secs, SDLs, and NCDs. Coupons and indicative offer yields are public; only bonds with a current live desk quote and complete terms are listed. Orders are desk-mediated with KYC and demat settlement — not a self-serve exchange.
Talk to the desk
Whether it is a ₹1 lakh first bond or a ₹100 crore ladder, the same desk prices it, confirms it and settles it.