Zerodha NCD Bonds

Bonds / NCDs on Kite

From WebNotes, a public knowledge base. Last updated . Reading time ~2 min.

Listed NCDs and bonds can be accessed on Kite in two ways:

1. Secondary market (Kite)

  • Trade listed NCDs / bonds on NSE / BSE retail debt segment.
  • Search by ISIN or scrip name.
  • Equity-like brokerage applies.

2. Primary issuance (Zerodha bonds platform)

  • For new bond / NCD issues.
  • Apply via zerodha.com/bonds.
  • Bonds credited to demat after allotment.

Common listed NCDs on Kite

  • Tax-free bonds: HUDCO, NHAI, REC, PFC (legacy tax-free issues).
  • Corporate NCDs: TATA Capital, L&T Finance, Mahindra Finance, etc.
  • Perpetual / AT1 bonds: Bank AT1 bonds (with caveats post Yes Bank AT1 episode).

Pricing convention

  • Listed NCDs trade on clean price typically.
  • Accrued interest computed at settlement.
  • Some retail debt instruments have wide bid-ask spreads.

Tax

NCD coupon: Interest income (slab rate, TDS if applicable). NCD capital gain: STCG / LTCG per holding.

See also

External references

References

  1. SEBI, Debt market segment, sebi.gov.in.
  2. Zerodha, NCDs and bonds, zerodha.com/bonds/.

Related articles

  • Bond interest accrual on Zerodha

    How bond interest accrues between coupons on Zerodha. Covers accrued interest computation, settlement convention, and Console tracking.

  • Corporate bonds on Zerodha

    Zerodha bonds platform offers select corporate bonds, NCDs, and tax-free bonds. Coverage, ratings, and how to buy.

  • RBI Retail Direct vs Zerodha bonds

    Compare RBI Retail Direct platform with Zerodha's bonds offering. Coverage, costs, features, and when each makes sense.

  • Zerodha vs GoldenPi bonds

    Compare Zerodha's bonds platform with GoldenPi for corporate bonds and high-yield debt. Coverage, ratings, and fees.

  • How to buy a bond on Zerodha

    Step-by-step guide to buying listed corporate bonds and NCDs on Zerodha's Kite platform: search, order placement, settlement, and charges.

  • Bonds on Zerodha

    How to buy and sell listed bonds on Zerodha: corporate bonds, exchange-traded debt, charges, settlement, and tax treatment.

Published by

webnotes.in covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Revisions are tracked against the SEBI and NPCI rule changes referenced in the article.

Last reviewed
Conflicts of interest
WebNotes is independent. No relationship with any broker, registrar or bank named in this article.