Legal

Terms of Use

The Bond Project (operated by Fortyglyph Private Limited) · Version 1.0 · Last updated: 11 May 2026

This document is an electronic record published in accordance with the provisions of the Information Technology Act, 2000, and the rules made thereunder, including the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. This document does not require any physical or digital signature.

These Terms of Use ("Terms") constitute a legally binding agreement between you and Fortyglyph Private Limited, a company incorporated under the Companies Act, 2013, having its registered office at G-20, Floor 1, Plot G17/24, Electric House, Colaba, Mumbai G.P.O., Mumbai, Mumbai – 400001, Maharashtra, India, CIN: U66190MH2026PTC471341 (the "Company", "we", "us", or "our"), in relation to your access to and use of the website https://thebondproject.in and any associated mobile applications, software, services, content, and features operated by the Company under the brand name "The Bond Project" (collectively, the "Platform" or "Services").

By accessing, browsing, registering on, or using the Platform in any manner, you ("User", "you", or "your") acknowledge that you have read, understood, and agree to be bound by these Terms, our Privacy Policy, Disclaimer, Refund and Cancellation Policy, Cookie Policy, Acceptable Use Policy, and all other policies referenced herein (collectively, the "Agreement"). If you do not agree with any part of the Agreement, please do not use the Platform.

Acceptance of these Terms occurs when you tick the consent box on the Platform's website or mobile application, when you sign up for an account using any supported authentication method, or when you continue to use the Services after being notified of these Terms.

1. Definitions

In these Terms, unless the context otherwise requires:

1.1 "Account" means the unique user account created by you on the Platform.

1.2 "Broker" means a SEBI-registered stockbroker with whom you maintain a trading and demat account and which you connect to the Platform via OAuth authentication.

1.3 "Content" means all information, data, text, graphics, analytics, indicators, scores, charts, articles, FAQs, and other material displayed on or made available through the Platform.

1.4 "OAuth" means the open authorisation protocol used for granting limited access to your Broker account without sharing your Broker password with the Platform.

1.5 "Services" means the features and functionality made available by the Company through the Platform, as described in Section 4.

1.6 "Subscription" means a paid plan that entitles you to access certain Services for a specified period.

1.7 "User Account" or "Bond Project Account" means the account created for you on the Platform when you sign in by authenticating with your Broker through the Broker's OAuth flow.

2. Eligibility

2.1 You may use the Platform only if you:

(a) are at least 18 (eighteen) years of age;

(b) are a natural person and resident in India for the purposes of the Income-tax Act, 1961, and the Foreign Exchange Management Act, 1999;

(c) are competent to contract under the Indian Contract Act, 1872, and not disqualified from contracting by any law in force;

(d) have not previously been suspended or terminated by the Company; and

(e) are not debarred by any regulator, court, or authority from accessing financial markets or financial services in India.

2.2 The Platform is not intended for, and should not be used by, non-resident Indians (NRIs), overseas citizens of India (OCIs), persons of Indian origin (PIOs), foreign nationals, or any other person resident outside India.

2.3 If you are accessing the Platform on behalf of an entity, you represent that you are duly authorised to bind the entity to these Terms.

3. Regulatory Status

3.1 As of the date of these Terms, the Company is not registered with the Securities and Exchange Board of India (SEBI) as a:

(a) Stockbroker;

(b) Online Bond Platform Provider (OBPP);

(d) Research Analyst; or

(e) Any other intermediary under the SEBI Act, 1992, or the SEBI (Intermediaries) Regulations, 2008.

3.2 The Company does not provide investment advice, investment recommendations, research analysis, or solicitation to buy or sell any security. All content on the Platform is provided for informational, analytical, and educational purposes only.

3.3 You should consult a SEBI-registered investment adviser, financial planner, or other qualified professional before making any investment decision.

3.4 The Company will update this section if and when its regulatory status changes.

4. Description of Services

4.1 The Platform provides the following Services:

(a) Bond discovery and search — search, filter, and browse information about debt securities including bonds, debentures, and other fixed-income instruments;

(b) Bond analytics — display of indicative yields, scheduled cash flows, indicative maturity values, credit rating information, and other reference data;

(d) Liquidity Indicator — a proprietary analytical output that provides an indicative assessment of trading activity for specific securities;

(e) Portfolio tracking — when you connect your Broker account via OAuth, the Platform may display your holdings, scheduled cash flows, indicative annual coupon, and other tracking information based on data fetched from your Broker;

(f) Order routing — the Platform may enable you to submit order instructions to your Broker, with all execution, settlement, and fund handling occurring solely on your Broker's platform;

(g) Educational content — articles, FAQs, and other learning material relating to fixed-income markets.

4.2 The Company expressly clarifies that the Platform does not:

(a) act as an Online Bond Platform Provider (OBPP);

(b) act as a stockbroker, sub-broker, or authorised person;

(d) conduct any Know Your Customer (KYC) procedure on behalf of any User;

(e) act as a depository, depository participant, or registrar;

(f) provide investment advice, research, or recommendations of any kind;

(g) issue contract notes, transaction statements, ledgers, or tax statements;

(h) accept payment for any security purchase from any User.

4.3 All execution, settlement, KYC, fund handling, and compliance with applicable broker-related regulations is conducted by your chosen Broker.

5. Account Creation and Registration

5.1 To access most Services, you must create a User Account on the Platform. Your User Account is created when you sign in through a supported Broker using the Broker's OAuth flow. You authenticate directly on the Broker's own login page, and the Company never sees, stores, or has access to your Broker password.

5.2 You agree to:

(a) provide true, accurate, current, and complete information at the time of registration;

(b) maintain and promptly update such information;

(d) be solely responsible for all activities that occur under your User Account;

(e) immediately notify the Company at hello@thebondproject.in of any unauthorised use of your Account or any breach of security.

5.3 You may not (i) use any other person's account without authorisation, (ii) create an Account using another person's identity, (iii) maintain more than one active Account, or (iv) sell, transfer, or assign your Account to any third party.

5.4 The Company reserves the right to refuse registration, suspend, or terminate any Account at its sole discretion, including where the Company has reasonable cause to believe that the User has breached the Agreement, or where required by law.

6. Subscription Identity

6.1 Your Subscription is tied to your Bond Project User Account, which is created when you first sign in through your Broker via OAuth. The Subscription provides access to the subscribed features under your single User Account.

6.2 The Platform allows you to connect one or more Broker accounts to your User Account via OAuth, for the purpose of portfolio aggregation, order placement, and analytics across your holdings. Connecting additional Broker accounts to the same User Account does not require an additional Subscription, and all connected Broker accounts are accessible under your single Subscription.

6.3 Each User Account is for individual use only. You may not share Account credentials, transfer your Account, or allow multiple persons to access the Platform under a single User Account. The Company may detect and act on shared-account usage, including suspending or terminating the Account.

6.4 If you sign in using different Broker accounts, this may result in multiple separate User Accounts. Each such Account is treated as a distinct identity for Subscription purposes. To consolidate identities or merge accounts, contact rubin@thebondproject.in.

7. Subscription, Billing, and Cancellation

7.1 The Company offers the following Subscription plans, with prices inclusive of applicable taxes:

(a) Monthly Plan: ₹50 per month;

(b) Annual Plan: ₹500 per year.

7.2 Subscription fees are processed through the payment gateway provided by Razorpay. The Company does not store your full payment card details at any time.

7.3 Subscriptions are charged at the start of the Subscription Period. Auto-renewal is OFF by default. Your Subscription will not automatically renew at the end of the Subscription Period unless you expressly opt in to auto-renewal.

7.4 You may cancel your Subscription at any time from your Account settings. Cancellation takes effect at the end of the current Subscription Period, and you retain access to the subscribed features until then.

7.5 The Company reserves the right to modify Subscription pricing, plan structure, or feature inclusions from time to time. Any such changes will apply prospectively from the next Subscription Period. Existing Subscription Periods will be honoured at the price you paid.

7.6 Refunds are governed by the Refund and Cancellation Policy available at /refund-policy.

7.7 If a Subscription payment fails or is reversed, the Company may suspend access to subscribed features until payment is successfully processed.

8. Broker Integration and Order Routing

8.1 The Platform operates on a broker-agnostic, OAuth-based architecture. When you choose to connect a Broker account or place an order through the Platform:

(a) you authenticate directly with your chosen Broker on the Broker's own login page. The Company never sees, stores, or has access to your Broker password;

(b) you authorise the Platform, via the Broker's OAuth flow, to read specific account data and/or submit order instructions on your behalf. The scope of this authorisation is shown to you by the Broker at the time of consent and may be revoked by you at any time from the Broker's settings;

(c) all orders are executed, all funds are debited or credited, all securities are settled, all KYC procedures are conducted, and all compliance with applicable regulations is handled solely by your Broker, in accordance with the Broker's terms and applicable laws;

(d) the Company does not act as an intermediary in execution or settlement and does not hold customer funds or securities at any point.

8.2 The Company is not liable for, and you agree not to hold the Company liable for:

(a) Broker downtime, technical failures, or unavailability;

(b) failed, partial, delayed, or modified order execution at the Broker's end;

(d) brokerage fees, statutory charges, taxes, or any other charges levied by your Broker;

(e) contract notes, ledgers, transaction statements, or tax statements issued by your Broker;

(f) any dispute between you and your Broker.

8.3 The Platform may translate your inputs (for example, "Buy X face value of ISIN Y at Z yield") into the order format required by the Broker. The Broker may apply its own validations and may reject, modify, or partially execute orders accordingly.

8.4 Any dispute regarding order execution, settlement, brokerage, or charges should be raised with your Broker first, including via the Broker's grievance redressal mechanism and the SEBI SCORES portal.

9. Acceptable Use

9.1 You agree not to, and shall not permit any third party to:

(a) access the Platform through any automated means, including scrapers, bots, crawlers, spiders, headless browsers, or similar tools;

(b) bypass, circumvent, or attempt to bypass any rate limit, authentication mechanism, or access control on the Platform;

(c) reverse-engineer, decompile, disassemble, or attempt to derive the source code, architecture, or algorithms of the Platform;

(d) copy, reproduce, redistribute, republish, sublicense, sell, rent, lease, or otherwise commercially exploit any Content, data, indicator, score, or analytics displayed on the Platform;

(e) build, train, fine-tune, or improve any product, service, or model (including machine learning or artificial intelligence models) using Content obtained from the Platform;

(f) circumvent or attempt to circumvent technical protection measures including user-agent filtering, IP throttling, fingerprinting, or watermarking;

(g) use the Platform to engage in any activity that violates applicable law, infringes any third party's rights, or is fraudulent, deceptive, defamatory, obscene, or otherwise objectionable;

(h) impersonate any person or entity, or falsely state or misrepresent your affiliation with any person or entity;

(i) introduce any virus, worm, malware, trojan, ransomware, or other malicious code into the Platform;

(j) interfere with or disrupt the operation of the Platform, the servers or networks used to make the Platform available, or any other User's use of the Platform;

(k) collect or harvest any personally identifiable information of other Users.

9.2 The Company reserves the right to investigate violations of this Section 9 and may take any action it deems appropriate, including suspending or terminating Accounts, blocking IP addresses, and pursuing civil or criminal remedies.

10. Intellectual Property

10.1 The Platform, including its design, structure, source code, content compilations, databases, indicators, scores, analytics, methodologies, trade marks, logos, and the brand name "The Bond Project", is and shall remain the sole and exclusive property of the Company. All rights are reserved.

10.2 Subject to your compliance with the Agreement, the Company grants you a limited, non-exclusive, non-transferable, non-sublicensable, revocable licence to access and use the Platform for your personal, non-commercial use only.

10.3 Nothing in the Agreement shall be construed as granting you any right, title, or interest in or to the Platform or any Content, other than the limited licence expressly granted in Section 10.2.

10.4 You shall not remove, alter, or obscure any copyright, trade mark, or other proprietary notice on the Platform.

11. Third-Party Data, Links, and Services

11.1 The Platform displays information derived from a combination of publicly available sources, third-party data providers, and proprietary computations developed by the Company. The Company makes no representation or warranty regarding the accuracy, completeness, or timeliness of any such information.

11.2 The Platform may contain links to third-party websites, applications, or services that are not owned or controlled by the Company. The Company is not responsible for the content, policies, or practices of any third-party site or service. Your use of any third-party site or service is at your own risk and subject to the terms and policies of that third party.

11.3 Integration with Brokers and other third-party services is provided as a convenience. The Company is not responsible for the availability, accuracy, or behaviour of any third-party service.

12. Beta Features

12.1 The Company may, from time to time, make available features, products, or services that are designated as "beta", "preview", "experimental", "pilot", or by similar terms ("Beta Features").

12.2 Beta Features are provided on an "as is" and "as available" basis without any representation or warranty. They may be modified, suspended, or discontinued at any time without notice.

12.3 By using Beta Features, you accept that they may contain bugs, errors, or inaccuracies, and that the Company shall have no liability arising from your use of Beta Features.

13. Disclaimer of Warranties

13.1 To the maximum extent permitted by applicable law, the Platform and all Content are provided on an "as is" and "as available" basis, without any warranties of any kind, whether express or implied.

13.2 The Company expressly disclaims all warranties, including but not limited to warranties of merchantability, fitness for a particular purpose, non-infringement, accuracy, completeness, timeliness, security, uninterrupted availability, or freedom from viruses or other harmful components.

13.3 The Company does not warrant that the Platform will meet your requirements, that the Platform will be uninterrupted or error-free, or that defects will be corrected.

13.4 Any reliance you place on Content or Services is at your sole risk. You acknowledge and agree that the Platform is not a substitute for independent professional advice.

14. Limitation of Liability

14.1 To the maximum extent permitted by applicable law, in no event shall the Company, its directors, officers, employees, agents, or affiliates be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, including loss of profits, loss of revenue, loss of goodwill, loss of data, or loss of business opportunity, arising out of or in connection with your use of, or inability to use, the Platform, even if the Company has been advised of the possibility of such damages.

14.2 Without prejudice to Section 14.1, the aggregate liability of the Company under or in connection with the Agreement shall in no event exceed the greater of:

(a) the total Subscription fees actually paid by you to the Company in the twelve (12) months immediately preceding the event giving rise to the claim; or

(b) Indian Rupees One Thousand (INR 1,000).

14.3 The limitations in this Section 14 shall apply to the fullest extent permitted by law and shall survive any termination of the Agreement.

15. Indemnification

15.1 You agree to indemnify, defend, and hold harmless the Company, its directors, officers, employees, agents, and affiliates from and against any and all claims, demands, losses, damages, liabilities, costs, and expenses (including reasonable legal fees) arising out of or in connection with:

(a) your breach of any part of the Agreement;

(b) your use or misuse of the Platform;

(d) your violation of any rights of any third party, including intellectual property rights or privacy rights;

(e) any investment decision made by you or any consequence thereof.

16. Termination

16.1 You may terminate your Account at any time by contacting rubin@thebondproject.in or using the account deletion feature in the Platform settings.

16.2 The Company may suspend or terminate your Account, and/or your access to the Platform, at any time, with or without notice, for any reason, including without limitation:

(a) breach of the Agreement;

(b) violation of applicable law;

(d) extended period of inactivity;

(e) discontinuation of the Platform or any part thereof.

16.3 Upon termination:

(a) your right to access and use the Platform shall cease immediately;

(b) the Company may delete or anonymise your data in accordance with the Privacy Policy and applicable law;

(d) provisions of the Agreement that by their nature should survive termination shall survive, including Sections 10 (Intellectual Property), 13 (Disclaimer of Warranties), 14 (Limitation of Liability), 15 (Indemnification), 19 (Governing Law and Jurisdiction), and this Section 16.3.

17. Changes to These Terms

17.1 The Company may modify these Terms from time to time. The updated Terms will be posted on the Platform with a revised "Last updated" date.

17.2 Material changes will be notified to you via email or through a prominent notice on the Platform.

17.3 Your continued use of the Platform after the effective date of the updated Terms constitutes your acceptance of the updated Terms. If you do not agree with the updated Terms, you must stop using the Platform.

18. Force Majeure

18.1 The Company shall not be liable for any failure or delay in performance under the Agreement caused by events beyond its reasonable control, including without limitation acts of God, natural disasters, war, terrorism, civil unrest, government action, exchange or clearing corporation downtime, Broker downtime, internet outages, power failures, pandemic, epidemic, or any other force majeure event.

19. Governing Law and Jurisdiction

19.1 The Agreement shall be governed by and construed in accordance with the laws of India.

19.2 Subject to Section 19.3, the courts at Mumbai, Maharashtra, India shall have exclusive jurisdiction to adjudicate any dispute arising out of or in connection with the Agreement.

19.3 The Company may, at its sole option, elect to refer any dispute to arbitration in accordance with the Arbitration and Conciliation Act, 1996. The arbitration shall be conducted by a sole arbitrator appointed by the Company, in English, and the seat and venue of arbitration shall be Mumbai.

20. Grievance Redressal

20.1 In accordance with the Information Technology Act, 2000, and the rules made thereunder, the Grievance Officer of the Company is:

Name: Rubin Talati
Designation: Founder and Grievance Officer
Email: rubin@thebondproject.in
Postal address: G-20, Floor 1, Plot G17/24, Electric House, Colaba, Mumbai G.P.O., Mumbai – 400001, Maharashtra, India

20.2 The Grievance Redressal Mechanism is set out in detail at /grievance.

21. Miscellaneous

21.1 Entire Agreement. The Agreement constitutes the entire agreement between you and the Company in relation to the Platform and supersedes all prior or contemporaneous communications, whether oral or written.

21.2 Severability. If any provision of the Agreement is held to be invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect.

21.3 Waiver. No failure or delay by the Company in exercising any right under the Agreement shall operate as a waiver of that right.

21.4 Assignment. You may not assign, transfer, or sublicense your rights or obligations under the Agreement without the prior written consent of the Company. The Company may assign or transfer its rights and obligations without restriction.

21.5 Notices. Notices to you may be sent to the email address associated with your Account or by posting on the Platform. Notices to the Company shall be sent to hello@thebondproject.in.

21.6 Relationship. Nothing in the Agreement creates any partnership, joint venture, agency, employment, or fiduciary relationship between you and the Company.

21.7 Language. These Terms are drafted in English. You confirm that you have read and understood the Terms in English.

For questions or clarifications regarding these Terms, contact us at hello@thebondproject.in.

Fortyglyph Private Limited · CIN: U66190MH2026PTC471341
Registered Office: G-20, Floor 1, Plot G17/24, Electric House, Colaba, Mumbai G.P.O., Mumbai – 400001, Maharashtra, India
Version 1.0 · Last updated: 11 May 2026