How to invest in Government and Corporate Bonds on FYERS (Primary & Secondary)
You can invest in Government bonds (G-Secs, T-Bills, SDLs, SGBs) and Corporate bonds/NCDs on FYERS via primary issues (fresh auctions/public issues) and the secondary market (listed debt on NSE/BSE).
This guide explains where you can apply or trade, payment methods, settlement basics, and how to track your applications and holdings.
What you can buy on FYERS
- Government bonds: G-Secs (central government securities), T-Bills (treasury bills), SDLs (state development loans), SGBs (Sovereign Gold Bonds)
- Corporate bonds / NCDs
Note: Availability depends on active tranches (primary) and exchange listings/liquidity (secondary).
How to invest – Primary Market
A) Corporate Bonds / NCDs – Primary (Public Issue)
Where to apply: FYERS IPO portal (Debt-IPO)
- Log in to the FYERS IPO Portal → Debt-IPO.
- Choose the active Corporate Bond/NCD issue and the required series.
- Enter quantity/lot(s) and your UPI ID.
- Approve the UPI mandate in your bank app within the time window.
- Track your application under View Orders on the IPO portal.
- If allotted, bonds are credited to your demat after allotment.
Important: Payment is via UPI from your bank account. Funds in your FYERS trading account cannot be used for primary NCD applications.
B) G-Secs, T-Bills, SDLs – Primary (RBI auctions)
Where to apply: FYERS Debt Market portal (RBI auctions)
- Log in to the FYERS Debt Portal.
- Select the live RBI auction (G-Sec/T-Bill/SDL).
- Enter the required bid/quantity as per the auction format.
- Ensure sufficient funds/margin as required for submission.
- Post settlement, allotted securities are credited to your demat and visible in holdings.
Important: Applications shown as In Process can be modified; once submitted to the exchange/depository, changes are not allowed.
C) Sovereign Gold Bonds (SGBs) – Primary (Fresh tranche)
Where to apply: FYERS SGB portal (when tranche is open)
- Open the FYERS SGB Portal during an active tranche.
- Select the tranche, enter grams, and confirm details.
- Ensure sufficient funds as per the supported payment method.
- After RBI confirmation, SGB units are credited to your demat.
Eligibility: As per RBI rules. Corporate/non-individual trading accounts may not be eligible for SGB allotment.
How to invest – Secondary Market (Listed Bonds)
You can buy/sell listed Corporate bonds/NCDs, G-Secs, SDLs, T-Bills (when listed), and SGBs in the exchange debt segment.
FYERS Web
- Log in to FYERS Web.
- Search by symbol/name/ISIN (e.g., “SGBAPR28I”, “GS2028”, or the ISIN).
- Open the scrip and place an order (limit orders are recommended for low-liquidity debt).
- Track under Orders / Trades and view in Holdings after settlement.
FYERS App
- Open the FYERS App and go to Search/Watchlist.
- Find the bond by name/symbol/ISIN.
- Tap Buy/Sell, set price & quantity, and confirm.
- Track in Orders; view in Holdings post-settlement.
Tip: Liquidity can be limited; check market depth and prefer limit orders. Quotes may show clean price; the payable amount includes accrued interest (dirty price) where applicable.
Tracking, statements, and where holdings appear
- Primary applications: Track in the respective FYERS portals (IPO / Debt / SGB) under View Orders/Applications until allotment.
- Post-allotment & Secondary buys: Securities appear in Holdings (Web/App) after settlement.
- Contract notes & ledger: Show traded price, accrued interest (if applicable), statutory charges, and net consideration.
Charges, taxes & cut-off timings
Note: Charges, taxes, and application cut-off timings can vary by instrument and route. For the latest information, refer to
this article.
Troubleshooting
- UPI mandate not received/expired (Primary NCD): Verify UPI ID and bank app notifications; re-initiate before cut-off.
- Application shows “In Process” (RBI auction): You can modify while it’s In Process; once submitted to the exchange/depository, modifications aren’t allowed.
- No allotment/partial allotment: Unblocked funds should reflect in your bank; if not, check with your bank and FYERS Support.
- Secondary order rejected: Check symbol, segment, price band, lot size, and available funds/limits.
- Coupons not received: Verify record date and demat details; coupon credits are processed by the issuer/registrar via depository records.
What if…
| Scenario | Resolution |
|---|
| You want to know more about bond types | Read this article. |
| You need to cancel or modify a bond application | See this article for instructions. |
| You want to check charges & cut-off timings | Refer to this article. |
| You want to check SGB eligibility | Review eligibility in this guide. |
| You missed the SGB subscription window | You can buy SGBs on the secondary market or wait for the next RBI tranche. |
| You applied for SGBs but don’t see allotment | Confirm fund block and demat details. Contact FYERS Support if needed. |