Applying for Corporate Bonds with Trading Account Balance

Can I use my trading account balance to apply for corporate bonds in the primary market?

For applications in corporate bonds or Debt Initial Public Offerings (IPOs), regulatory guidelines mandate the use of UPI (Unified Payments Interface) for creating mandates. The balance in your trading account with FYERS cannot be utilized for this purpose. When you apply for corporate bonds or debt issues in the primary market, ensure you have adequate funds available in your bank account linked to your UPI ID.

    • Related Articles

    • Can I apply for corporate bonds in the secondary market?

      Yes, with FYERS, you can actively trade corporate bonds in the secondary markets via FYERS trading platforms - Fyers Web, Fyers App, Fyers EA and Fyers Next. Here's how you can seamlessly buy or sell them: Choose Your Platform: Login to - Fyers Web, ...
    • What are corporate bonds?

      Corporate bonds are debt instruments floated by private and public enterprises. They're a method for these companies to amass capital for diverse needs, like infrastructure expansion or business growth. When you invest in a corporate bond, you're ...
    • Can corporate bonds be pledged?

      Certainly! Corporate bonds can be pledged through our Pledge portal to get additional margin for trading in the F&O segment. Corporate bonds are treated as cash equivalents and come with minimal haircuts. For a detailed understanding of these ...
    • Why invest in corporate bonds?

      Corporate bonds come with various advantages for investors: Higher Yields: Typically, corporate bonds offer higher interest rates compared to government securities or fixed deposits. This is attributed to the increased credit risk associated with ...
    • How can I invest in corporate bonds at FYERS?

      You can invest in corporate bonds through FYERS IPO Portal. The step-by-step procedure is as follows: Access the Fyers IPO Portal: Login to Fyers IPO portal using your FYERS credentials. Choose Your Bond: Browse and pick the bond tagged as 'Debt-IPO' ...