Indian online bond platforms (OBPs) are experiencing a massive surge, with monthly transaction volumes tripling to ₹1,500 crore. This growth is driven by Securities and Exchange Board of India (Sebi) lowering the minimum bond face value to ₹10,000, opening the market to retail investors. OBPs provide a fully digital process for account setup and trading via the RFQ system, but investors must be aware of potential credit risks associated with high-yield bonds.