India’s complete bond platform

Invest in bonds.Build lasting yield.

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.

  • Dual YTM + XIRR
  • Live desk inventory
  • KYC + demat settlement

Coupons are public. Indicative offer yields refresh through the trading day.

Sovereign & issuer paper on the desk

14 of 47,000+ issuers & securities

Government of IndiaReserve Bank of IndiaState Bank of IndiaHDFCICICI BankBajaj FinanceREC LimitedPower Finance CorporationHUDCOLarsen & ToubroMuthoot FinanceMahindra FinanceAditya Birla CapitalNavi Finserv
Demat partner

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

Built for

BanksInsuranceMutual fundsHNIsFamily officesNBFCsTreasuriesPension fundsPMS desksBrokers

The desk in numbers

Indicative · Oct 2026

₹0 Cr+Debt underwrittenMarketplace plus manufacturer
0+Live desk quotesRefreshed through the day
0+Issuers & securitiesCorporate, sovereign, SDL, NCD
T+1Demat settlementFederal Bank demat partner

The short answer

What is
Binary Bonds?

Desk hours 9:30 – 18:30 ISTMumbai · Binary CapitalNot a SEBI OBPP exchange

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.

Dual yield maths

Market YTM and Investor XIRR on every bond, kept independent of coupon.

Live desk book

Only bonds with a current quote and complete terms are listed.

Desk-mediated

Orders are human-verified, with KYC and demat settlement.

Live desk book

Bonds you can price today.

A representative ladder from the desk: sovereign ballast, PSU credit, NBFC paper and deep-discount high yield — each with both yield measures.

SDLSovereign

6.92% Rajasthan SDL 2030

Government of Rajasthan

Market YTM6.02%
Investor XIRR7.03%
Coupon6.92%MaturityOct 2030Residual4y 0mMin ticket₹1K
View on deskState paper
PSUAAA

6.28% Power Grid 2031

Power Grid Corporation of India

Market YTM6.00%
Investor XIRR6.00%
Coupon6.28%MaturityApr 2031Residual4y 6mMin ticket₹10L
View on deskPSU credit
NBFCAA+

8.85% Hinduja Housing Finance 2027

Hinduja Housing Finance

Market YTM6.01%
Investor XIRR8.65%
Coupon8.85%MaturityJan 2027Residual0y 3mMin ticket₹1L
View on deskHigher XIRR
High yieldBBB

14% Kaabil Finance 2028

Kaabil Finance

Market YTM6.01%
Investor XIRR14.86%
Coupon14.00%MaturityFeb 2028Residual1y 4mMin ticket₹1L
View on deskDeep discount
NBFCAA+

7.90% Cholamandalam 2031

Cholamandalam Investment & Finance

Market YTM6.02%
Investor XIRR7.91%
Coupon7.90%MaturityOct 2031Residual5y 0mMin ticket₹1Cr
View on deskLonger tenor

Showing 6 of 30,000+ live quotes. Indicative yields, refreshed through the trading day. Minimum tickets shown per bond.

Open the full catalogue

The platform

Pricing, inventory and settlement in one place.

Every number is sourced from the same desk quote the bond page shows. No invented yields, no stale shelves, no brochure maths.

01

Dual yield maths

Market YTM and Investor XIRR on every bond. Coupon stays independent of offer yield, so you always see both numbers.

02

Live desk book

Only bonds with a current desk quote and complete terms are listed. Featured shelves re-filter live inventory.

03

Portfolio & laddering

Map coupon dates, maturities and reinvestment. Keep duration and credit aligned with the mandate.

04

KYC + demat settlement

Desk-mediated orders with clearing-house aware settlement and demat support through Federal Bank.

6.02%Market YTM
vs
7.91%Investor XIRR

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 bond

What you can buy

One desk across the rupee curve.

From sovereign ballast to high-yield credit — every product is quoted, confirmed and settled by the same desk.

AAA to quality credit

Corporate bonds

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

  • Listed & OTC
  • Coupon schedules
  • Credit notes
  • Settlement
Browse corporate bonds
Sovereign safety

G-Secs & T-Bills

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

  • G-Secs
  • T-Bills
  • Auctions
  • Secondary lots
Browse g-secs & t-bills
State of India paper

SDLs & state paper

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

  • State SDLs
  • Relative value
  • Ladder building
  • Desk quotes
Browse sdls & state paper
Issue to listing

NCDs & public issues

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

  • NCD IPOs
  • Allotment
  • Listing
  • Secondary
Browse ncds & public issues
Mandate-fit inventory

Tax-efficient & specialty

Tax-aware sleeves and specialty fixed income when the mandate calls for structure beyond vanilla corporates.

  • Tax-efficient
  • Structured debt
  • Specialty
  • Desk advice
Browse tax-efficient & specialty

How it works

From shelf to settlement.

Desk-mediated by design: every order is confirmed by a person before funds move, so price and terms are never a surprise.

01

Browse the live catalogue

Filter live offers by offer yield, credit rating, issuer and tenure. Coupons and indicative yields are public.

02

Confirm with the desk

Your relationship manager confirms quantity, price, accrued interest and settlement terms before funds move.

03

Settle to demat

KYC and demat checks, clearing-house aware settlement, and bonds credited to your demat on a T+1 style timeline.

  • KYC & demat checks
  • Clearing-aware settlement
  • T+1 style demat credit
  • Human-verified orders
Desk hours 9:30 – 18:30 IST, Monday to FridayTalk to the desk

Questions

Answers, before you ask.

The six things allocators ask the desk most often. Anything else, the desk answers in one working day.

Still deciding?

Tell us the mandate and the desk will shortlist paper.

+91 99200 30739

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

Tell us the mandate.
We’ll bring the book.

Whether it is a ₹1 lakh first bond or a ₹100 crore ladder, the same desk prices it, confirms it and settles it.

What happens next
  1. 01

    A relationship manager confirms your mandate and eligibility.

  2. 02

    The desk shortlists live paper with both yield measures.

  3. 03

    You approve price and terms; settlement lands in demat.

Mon – Fri · 9:30 – 18:30 ISTDesk-mediated · Federal Bank demat