{"id":15133,"date":"2026-07-24T15:26:18","date_gmt":"2026-07-24T09:56:18","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=15133"},"modified":"2026-07-23T15:53:48","modified_gmt":"2026-07-23T10:23:48","slug":"secured-and-unsecured-bonds-in-india","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/","title":{"rendered":"Secured and Unsecured Bonds in India: A Smart Investor&#8217;s Guide"},"content":{"rendered":"<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">\ud83d\udcdd Quick Summary:<\/div>\n<h2 class=\"gpi-custom-widget-h2-content\"><span class=\"ez-toc-section\" id=\"A_2026_guide_to_secured_and_unsecured_bonds_for_Indian_retail_investors_%E2%80%94_how_asset-backing_works_current_yield_ranges_tax_rules_post-Budget_2024_and_a_practical_framework_to_pick_the_right_bond_for_your_portfolio\"><\/span><strong>A 2026 guide to secured and unsecured bonds for Indian retail investors \u2014 how asset-backing works, current yield ranges, tax rules post-Budget 2024, and a practical framework to pick the right bond for your portfolio.\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n\n\n<p>For a long time, fixed deposits seemed like a safe bet for those who preferred guaranteed returns to stock market volatility. That is no longer the case. Corporate bonds are becoming increasingly popular as India&#8217;s debt market surpassed <a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indias-bond-market-in-june-2026\/\">\u20b9240 lakh crore<\/a>, and the barriers to entry for retail investors have decreased significantly following the implementation of the Securities and Exchange Board of India\u2019s (SEBI) <a href=\"https:\/\/goldenpi.com\/\" type=\"post\" id=\"124\">Online Bond Platform Provider<\/a> (OBPP) framework. <\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/#A_2026_guide_to_secured_and_unsecured_bonds_for_Indian_retail_investors_%E2%80%94_how_asset-backing_works_current_yield_ranges_tax_rules_post-Budget_2024_and_a_practical_framework_to_pick_the_right_bond_for_your_portfolio\" >A 2026 guide to secured and unsecured bonds for Indian retail investors \u2014 how asset-backing works, current yield ranges, tax rules post-Budget 2024, and a practical framework to pick the right bond for your portfolio.\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/#Secured_vs_Unsecured_Bonds_in_India_Key_Differences_Explained\" >Secured vs Unsecured Bonds in India: Key Differences Explained&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/#Bond_Yields_in_India_2026_Secured_vs_Unsecured_Comparison\" >Bond Yields in India 2026: Secured vs Unsecured Comparison&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/#Why_Retail_Bond_Investing_Is_Booming_in_India\" >Why Retail Bond Investing Is Booming in India&nbsp;&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/#Secured_vs_Unsecured_Bonds_Taxation\" >Secured vs Unsecured Bonds: Taxation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/#A_Quick_Evaluation_Checklist\" >A Quick Evaluation Checklist<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/#Frequently_Asked_Questions\" >Frequently Asked Questions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/#Disclaimer\" >Disclaimer<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<p>The old \u20b91 lakh minimum investment barrier has been eliminated, creating the opportunity to invest in bonds with as little as \u20b910,000. However, distinguishing between secured and unsecured bonds is crucial in protecting your capital, and the right choice can provide significantly better returns than fixed deposits without the risk of equities. This article describes the mechanics, current rates and yields, and the tax treatment of each, while also explaining how to assess a bond before investing.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Secured_vs_Unsecured_Bonds_in_India_Key_Differences_Explained\"><\/span><strong>Secured vs Unsecured Bonds in India: Key Differences Explained&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A secured bond has specific, identifiable assets such as property, equipment, receivables, or loan portfolios that are pledged to a Debenture Trustee registered with SEBI. In the event of a default, the asset can be sold by the trustee to reimburse the investor. An <a href=\"https:\/\/goldenpi.com\/blog\/essentials\/bond-market\/a-secured-and-an-unsecured-bond-differences\/\" type=\"post\" id=\"6552\">unsecured bond<\/a> does not have such an asset, which means a bondholder can only rely on the issuer&#8217;s willingness and ability to pay. Unsecured paper typically requires a stronger credit profile to sell or a higher coupon to sell with less risk.<\/p>\n\n\n\n<p>Imagine lending to two friends. One friend offers you the keys to his car if he doesn\u2019t pay you back, while the other is just promising to pay you back. You would be more comfortable lending to the friend giving you the collateral. The same loan, but very different comfort levels.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bond_Yields_in_India_2026_Secured_vs_Unsecured_Comparison\"><\/span><strong>Bond Yields in India 2026: Secured vs Unsecured Comparison&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Category<\/strong><\/td><td><strong>Typical Issuers<\/strong><\/td><td><strong>Security<\/strong><\/td><td><strong>Indicative Yield (p.a.)<\/strong><\/td><\/tr><tr><td>AAA PSU bonds<\/td><td>PFC, REC, NHAI, NTPC<\/td><td>Usually unsecured, sovereign-linked<\/td><td>6.85%\u20137.05% (PFC&#8217;s Jan 2026 NCD tranche)<\/td><\/tr><tr><td>Secured NBFC NCDs<\/td><td>Mid-to-large NBFCs<\/td><td>Secured against loan book\/assets<\/td><td>9.5%\u201314.5%<\/td><\/tr><tr><td>Municipal bonds<\/td><td>Urban local bodies<\/td><td>Often unsecured, backed by municipal revenue<\/td><td>AA+ range, city-dependent<\/td><\/tr><tr><td>Bank fixed deposits<\/td><td>Scheduled banks<\/td><td>Insured only up to \u20b95 lakh via DICGC<\/td><td>6.5%\u20137.5%<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<p>The pattern is consistent across the market: the safer and more government-linked the issuer, the lower the coupon; the more you rely on collateral instead of sovereign backing, the higher the yield needs to be to compensate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Latest Bonds Update:<\/h3>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indias-first-temple-bonds-launched-for-%e2%82%b91100-crore-ujjain-project\/\" aria-label=\"India&#8217;s First Temple Bonds Launched for \u20b91,100 Crore Ujjain Project\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23184019\/Temple-Bonds-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Temple Bonds\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23184019\/Temple-Bonds-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23184019\/Temple-Bonds-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23184019\/Temple-Bonds-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23184019\/Temple-Bonds-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23184019\/Temple-Bonds.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/indias-first-temple-bonds-launched-for-%e2%82%b91100-crore-ujjain-project\/\">India&#8217;s First Temple Bonds Launched for \u20b91,100 Crore Ujjain Project<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/bond-news\/why-two-aa-rated-bonds-can-have-very-different-risk-profiles\/\" aria-label=\"Why Two AA-Rated Bonds Can Have Very Different Risk Profiles\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/22182209\/Why-Two-AA-Rated-Bonds-1-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Why Two AA-Rated Bonds (1)\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/22182209\/Why-Two-AA-Rated-Bonds-1-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/22182209\/Why-Two-AA-Rated-Bonds-1-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/22182209\/Why-Two-AA-Rated-Bonds-1-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/22182209\/Why-Two-AA-Rated-Bonds-1-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/22182209\/Why-Two-AA-Rated-Bonds-1.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/bond-news\/why-two-aa-rated-bonds-can-have-very-different-risk-profiles\/\">Why Two AA-Rated Bonds Can Have Very Different Risk Profiles<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/\" aria-label=\"Secured and Unsecured Bonds in India: A Smart Investor&#8217;s Guide\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23150314\/Secured-and-Unsecured-Bonds-in-India-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Secured and Unsecured Bonds in India\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23150314\/Secured-and-Unsecured-Bonds-in-India-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23150314\/Secured-and-Unsecured-Bonds-in-India-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23150314\/Secured-and-Unsecured-Bonds-in-India-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23150314\/Secured-and-Unsecured-Bonds-in-India-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/07\/23150314\/Secured-and-Unsecured-Bonds-in-India.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/\">Secured and Unsecured Bonds in India: A Smart Investor&#8217;s Guide<\/a><\/li>\n<\/ul>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_Retail_Bond_Investing_Is_Booming_in_India\"><\/span><strong>Why Retail Bond Investing Is Booming in India&nbsp;&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The evolving landscape of modern retail investing can be explained through a few structural changes.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Reduced Minimum Investment Amounts: Investing in unitary bond offerings used to require a large commitment, but now a single offering can be purchased for as little as \u20b91,000.<\/li>\n\n\n\n<li>Improved Access to Information: Individuals can now make informed decisions about which bonds to purchase. SEBI-registered OBPPs show standardized information relating to the bond\u2019s credit ratings, yields to maturities, and coupons, as well as the type of security and its maturity.<\/li>\n\n\n\n<li>Support of Authorities: SEBI is considering a proposal for a new group of distributors, similar to the distributors of mutual funds, which would simplify the KYC process and documentation for prospective bond investors.<\/li>\n\n\n\n<li>Fixed Deposit Concerns: A limitation of the DICGC\u2019s \u20b95 lakh insurance cap is that larger FD holders have a portion of their investment insured; secured bonds provide an alternative of spreading that risk.\u00a0<\/li>\n<\/ul>\n\n\n<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">Explore Bonds<\/div>\n<div class=\"gpi-custom-widget-content\">\n<p><a href=\"https:\/\/goldenpi.com\/collections\/high-yield-bonds\">High Yield Bonds\u00a0<\/a>|\u00a0<a href=\"https:\/\/goldenpi.com\/corporate-bonds\">Corporate Bonds<\/a>\u00a0|\u00a0<a href=\"https:\/\/goldenpi.com\/collections\/tax-free-bonds\">Tax Free Bonds<\/a> | <a href=\"https:\/\/goldenpi.com\/\">Buy Bond Platform<\/a><\/p>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Secured_vs_Unsecured_Bonds_Taxation\"><\/span><strong>Secured vs Unsecured Bonds: Taxation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This is how secured\/unsecured affects listed\/unlisted status and how it impacts your real return:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Listed bonds:<\/strong> If held for over 12 months, listed bonds will be treated as long-term capital gains, charged at the 12.5% tax, without indexation. If held for a shorter term, they will be taxed at the slab rate.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Unlisted bonds:<\/strong> As of July 23, 2024, all unlisted bonds will be treated as short-term capital gains under Section 50AA and will be taxed at the slab rate, regardless of the holding period. This incurs a large disadvantage for those on a higher income bracket.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Interest income will always be taxed at the slab rate with 10% TDS under Section 193.<\/li>\n<\/ul>\n\n\n\n<p>Takeaway: Two bonds with the same coupons can provide different returns post-tax, just because one of them is listed. Ensure you always check the listing status along with the security status.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Quick_Evaluation_Checklist\"><\/span><strong>A Quick Evaluation Checklist<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before subscribing to any bond issue, run through this:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Is the security a first charge or pari-passu charge, and what&#8217;s the asset cover ratio?<\/li>\n\n\n\n<li>What&#8217;s the credit rating, and from which agency (CRISIL, ICRA, CARE)?<\/li>\n\n\n\n<li>Is the bond listed or unlisted?<\/li>\n\n\n\n<li>What&#8217;s the issuer&#8217;s NPA ratio and capital adequacy, especially for NBFC paper?<\/li>\n\n\n\n<li>Does the payout frequency (monthly\/quarterly\/annual) match your cash-flow needs?<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1784799515862\"><strong class=\"schema-faq-question\">Q1. <strong>What is the difference between secured and unsecured bonds?<\/strong><\/strong> <p class=\"schema-faq-answer\">Secured bonds have specific assets pledged to the bondholders as collateral. Unsecured bonds have no pledged assets and are issued based on the creditworthiness of the issuer.\u00a0<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1784799532326\"><strong class=\"schema-faq-question\">Q2. <strong>Are secured bonds safer than unsecured bonds?<\/strong><\/strong> <p class=\"schema-faq-answer\">Generally, yes. If the issuer defaults, secured bondholders have a higher claim on the pledged assets than unsecured bondholders. However, no investment is completely risk-free.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1784799563226\"><strong class=\"schema-faq-question\">Q3. <strong>Do secured bonds always offer lower returns?<\/strong><\/strong> <p class=\"schema-faq-answer\">Not necessarily. While secured bonds often offer lower yields due to their lower risk, the coupon also depends on factors such as the issuer&#8217;s credit rating, tenure, and market conditions.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1784799668315\"><strong class=\"schema-faq-question\">Q4. <strong>How important is the credit rating when investing in bonds?<\/strong><\/strong> <p class=\"schema-faq-answer\">Credit ratings help assess an issuer&#8217;s ability to repay its debt. While they are an important factor, investors should also consider the issuer&#8217;s financials, business outlook, and bond structure.<\/p> <\/div> <\/div>\n\n\n<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">Ready to Invest?<\/div>\n<div class=\"gpi-custom-widget-content\">\n<p>Visit <a href=\"https:\/\/goldenpi.com\/\">GoldenPi<\/a> to explore current bond options. Compare yields, ratings, and tenures in one place and invest online with as little as \u20b930,000.<\/p>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disclaimer\"><\/span>Disclaimer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities and municipal debt securities\/securitized debt instruments are subject to credit risks, market risks, and default risks, including delay and\/or default in payment. Read all the offer-related documents carefully. This blog\/article should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products\/services of\/on GoldenPi or any product\/services of its third-party client(s). For a detailed calculation of YTM, visit our website.&nbsp;<a href=\"https:\/\/delivery.goldenpi.com\/XPRBSN?id=162365=ch0GCFVXBVBUH1QDUlZXUlgBVgNSUwJVWgQGDFJQAVsEUwRfBldSBFVUAglRBFJSAA0ZBgxfQFBbERxBFSNTV10FU1cTDBgFDg5OAFIKVVFQBlZTVwQBBgFSAg0aC0BMQRIMFkwBUwoIFVdDHBwCCw1QAAsTWBpSVwgebDYxdmt\/Xl9dHxMF&amp;fl=WRVCSRBfGUkETltfVwNLAxVbCQwNWhpYVkpFGwMOBRcEWQMNUEoHSQJaV1BQAQQHTAZXA1IcAAMOBBxWB1IMFQUEVQxXXAEFBVQEUkpTVlMCUFEHU1JVAwhUAFECAQZaVFEADVAAVQBXVFRUUw==\" target=\"_blank\" rel=\"noreferrer noopener\">T&amp;C\u2019s Apply<\/a>.<\/p>\n\n\n\n<script type=\"application\/ld+json\">\n[\n  {\n    \"@context\": \"https:\/\/schema.org\",\n    \"@type\": \"NewsArticle\",\n    \"@id\": \"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/#article\",\n    \"isPartOf\": {\n      \"@id\": \"https:\/\/goldenpi.com\/blog\/guide\/secured-and-unsecured-bonds-in-india\/\"\n    },\n    \"headline\": \"Secured and Unsecured Bonds in India: A Smart Investor's Guide\",\n    \"description\": \"Learn the difference between secured and unsecured bonds in India. 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