Investing in bonds through digital platforms has become increasingly popular in India. With more platforms entering the market, it is important for investors to ensure they are transacting only through regulated and compliant channels.
Recently, SEBI issued an interim order and a public advisory cautioning investors about certain unregistered Online Bond Platform Providers (OBPPs) that were offering unlisted corporate bonds and NCDs without proper approvals. Paytm Money is committed to keeping investors informed, and therefore sharing the latest developments directly from SEBI.
What did SEBI find?
As per SEBI’s investigation:
- Some online platforms were selling privately placed, unlisted NCDs to the public.
- These platforms were not registered as Online Bond Platform Providers.
- The offerings did not comply with investor-protection regulations and disclosure norms.
Following the findings, SEBI has issued a cease-and-desist order to these platforms while the investigation continues.
Download:
SEBI Interim Order (18 Nov 2024)
SEBI Advisory
SEBI’s Latest Advisory to All Investors
SEBI has further advised the public to:
- Avoid transacting on unregistered online bond platforms
- Verify whether an OBPP is registered before investing
- Invest only through SEBI-regulated entities for safety and grievance redressal
Investors may also verify OBPP registration status on:
- SEBI website
- NSE website
- BSE website
Invest safely and responsibly
Unregistered platforms may:
- Operate without regulatory supervision
- Lack dispute-resolution mechanisms
- Misrepresent risk, liquidity, or product structure
Before investing in corporate bonds—especially unlisted or privately placed NCDs, always check whether the platform is registered as an OBPP under SEBI regulations.
Bonds on Paytm Money
Paytm Money offers only listed bonds and listed NCDs strictly in the capacity of a SEBI-registered stock broker on the NSE and BSE debt segments. We do not offer any unlisted or privately placed NCDs, nor do we operate as an Online Bond Platform Provider (OBPP). All listed bonds available on Paytm Money are executed on the exchange through official NSE/BSE infrastructure, under SEBI’s regulatory supervision.
The violations highlighted in SEBI’s Interim Order dated 18 November 2024 pertain to unregistered platforms selling privately placed, unlisted NCDs to the public. Paytm Money lists only exchange-traded, listed securities, and therefore the observations and restrictions in the interim order do not apply to us.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. This content is purely for information purpose only and in no way to be considered as an advice or recommendation. Paytm Money Ltd SEBI Reg No. Broking – INZ000240532, Depository Participant – IN – DP – 416 – 2019, Depository Participant Number: CDSL – 12088800, NSE (90165), BSE (6707), BSE STAR MF (53873) Regd Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. For complete Terms & Conditions and Disclaimers visit: https://www.paytmmoney.com/stocks/policies/terms.
