Recently, SEBI vide a press release (link) has cautioned the Indian public regarding dealing with Unregistered Online Bond Platforms and their providers.
As per SEBI’s release, there has been a growing number of unregulated online platforms that allow investors to buy bonds directly. Although many of these platforms/websites/apps may look trustworthy, SEBI has warned that most of them do not have the required authorisation to deal in bonds. Platforms officially registered with SEBI are fully accountable to investors and operate under strict regulatory oversight, which is not the case with unauthorised ones.
For this reason, SEBI strongly urges investors to deal exclusively with bond platforms that are duly registered with the regulator.
And here is my tweet (link) regarding the same.