₹100 Cr at 14% p.a.
India's highest-yield structured bond from a SEBI-registered fintech. Backed by Vistra ITCL as trustee and Federal Bank escrow. Open to Resident & NRI investors.
Why This Bond?
Significantly above FD rates. Semi-annual payouts directly to your NRO/NRE account.
Nearly 4x debt service coverage — robust protection against revenue shortfalls.
Pre-funded reserve account ensures uninterrupted coupon payments even in stress scenarios.
Fully structured for NRO and NRE investment with repatriation rights and DTAA benefits.
For NRI Investors
NRI Investment Route
Fully FEMA-compliant. Invest from your NRO or NRE account with repatriation benefits.
NRO Route
Invest from your Non-Resident Ordinary account. Interest credited to NRO. Principal repatriation up to USD 1 million per financial year.
NRE Route
Invest from your Non-Resident External account. Both principal and interest are fully repatriable. Tax-free interest in India.
FEMA Compliance
All subscriptions processed under FEMA 1999 Schedule 5 — NRI investment in unlisted NCDs of Indian companies.
KYC & Documentation
Passport copy, overseas address proof, PAN card, and NRO/NRE bank statement. Video KYC available for all geographies.
TDS on Interest
TDS @ 30.9% for NRO route. NRE route: interest is tax-exempt in India. DTAA benefits available for applicable countries.
Minimum Investment
₹25 Lakhs per NRI investor. Multiples of ₹5 Lakhs thereafter. No upper limit subject to FEMA annual cap.
NRI Investor Desk
Dedicated relationship manager for NRI bond subscriptions. Video KYC available globally.
Investor Protection
Security Structure
First Charge — Escrow
Federal Bank escrow account with first and exclusive charge. All receivables routed through escrow before any disbursement.
DSRA — ₹14 Cr FD
Debt Service Reserve Account of ₹14 Cr held as Fixed Deposit with Federal Bank — covers 1 full semi-annual coupon payment.
Vistra ITCL Trustee
SEBI-registered debenture trustee. Monitors covenant compliance, security creation, and acts on behalf of all debenture holders.
Asset Cover 1.1x
Minimum 1.1x asset cover maintained throughout the tenor. Quarterly compliance certificate submitted to trustee.
DSCR 3.59x
Debt Service Coverage Ratio of 3.59x based on projected platform revenues — well above the 1.25x covenant threshold.
Put / Call Option
Both issuer and investor hold a put/call option at the end of 24 months, providing early exit flexibility.
Capital Allocation
Use of Proceeds
Core OMS, insurance tech stack, wealth automation engine, and mobile app development.
SEBI RA, NBFC application, and additional IRDAI category upgrades.
B2B2C corporate wellness channel, DSA network expansion, and HNI wealth desk.
Operational runway, compliance costs, and DSRA top-up reserve.
Legal, audit, trustee fees, and issue expenses.
Limited Allocation
Secure Your Allocation Today
Minimum ₹25 Lakhs. Resident & NRI investors welcome. Speak to our HNI desk for a personalised term sheet.
This page is for information purposes only and does not constitute a public offer or solicitation. Investment in NCDs involves risk. Please read the Information Memorandum carefully before investing. Past performance is not indicative of future results. NRI investors should consult their tax advisors regarding FEMA, DTAA, and local tax implications in their country of residence.