What are corporate bonds

What types of bonds are available on FYERS (Corporate Bonds, G-Secs, T-Bills, SDLs, SGBs)?

FYERS provides access to a wide range of bond investments, catering to both retail and institutional investors. Each type of bond has unique features, risks, and benefits. Below is an overview of the main bond categories available on FYERS.

Corporate Bonds

Corporate bonds are fixed-income securities issued by companies (public or private) to raise funds. Investors lend money to the issuer and receive fixed or variable interest at regular intervals. Risk varies depending on the issuer’s credit rating.

  • Issuer: Public or private companies
  • Returns: Fixed/variable interest income
  • Tenure: Specified maturity date
  • Risk: Depends on credit rating (AAA-rated bonds are safer)

FYERS allows you to invest in corporate bonds via both the primary and secondary market. To understand the step-by-step process, see investing in Government and Corporate Bonds on FYERS in this article. Corporate bonds held in your Demat account can also be pledged for margin benefits, as explained in pledging bonds on FYERS refer to this article.

Government Securities (G-Secs)

G-Secs are long-term debt instruments issued by the Reserve Bank of India (RBI) on behalf of the Government of India. They are sovereign-backed, making them virtually risk-free.

  • Tenure: 1 year to 40 years
  • Returns: Fixed coupon interest paid periodically
  • Risk level: Very low (government-backed)

To learn how to place bids for G-Secs and manage orders, see investing in Government and Corporate Bonds on FYERS in this article.

Treasury Bills (T-Bills)

T-Bills are short-term securities issued by the Government of India. They do not pay periodic interest but are issued at a discount and redeemed at face value.

  • Tenure: 91, 182, or 364 days
  • Returns: Zero-coupon, discount-based gains
  • Risk level: Very low (government-backed)

For timelines and charges when investing in T-Bills, see charges and cut-off timings in this article.

State Development Loans (SDLs)

SDLs are bonds issued by individual state governments to fund infrastructure and development projects. They are similar to G-Secs but carry slightly higher yields due to state-level credit exposure.

  • Issuer: State Governments
  • Tenure: 1 to 30 years
  • Risk: Low to moderate (depends on state’s fiscal position)
  • Returns: Fixed or floating interest

You can invest in SDLs through the FYERS Debt Market portal. For detailed cut-off timings, see charges and cut-off timings in this article.

Sovereign Gold Bonds (SGBs)

SGBs are government-issued securities denominated in grams of gold. They offer exposure to gold prices without holding physical gold and provide fixed interest income.

  • Issuer: Government of India via RBI
  • Tenure: 8 years (early exit after 5 years)
  • Returns: 2.5% annual interest + gold price appreciation
  • Risk level: Virtually no credit risk (sovereign-backed)

To know who can invest, see SGB eligibility in this article. To apply for an issue, see applying for Sovereign Gold Bonds in this article. To redeem or sell, see redeeming Sovereign Gold Bonds in this article.

What if...

ScenarioResolution
You want short-term safe investmentConsider T-Bills for 91 to 364-day maturity.
You want long-term guaranteed returnsG-Secs and SDLs are suited for long horizons with steady income.
You want exposure to goldSGBs allow investment in gold-linked returns plus interest income.
You want higher yield than government bondsCorporate bonds may offer better returns but carry credit risk—review ratings before investing.
Each bond type has different risk-return profiles. Use FYERS’ Debt Market and SGB portal to explore issues and invest according to your financial goals.

Last updated: 26 Sep 2025