Bond Certificate

A bond certificate is the physical or electronic document that serves as formal proof of a bondholder's ownership of a specific debt instrument, specifying the issuer's name, the bond's face value, coupon rate, maturity date, and other key terms. In the era of physical securities, bond certificates were tangible paper documents handed to investors. Today, in India, all listed bonds and government securities are held in dematerialised form through NSDL or CDSL, making physical bond certificates obsolete for exchange-traded instruments. However, certain savings instruments—like RBI Floating Rate Savings Bonds—may still issue physical certificates or electronic receipts as confirmation of investment.