Who Can Apply for NCDs?

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Are you a day trader?

NCD accepts the application from three categories which are:

  • Institutional category (including Venture Capital Funds, National Investment Funds Mutual Funds, Pension Funds, Provident Funds, Public Financial Institutions, Commercial, Regional Rural, and Co-operative Banks)
  • Non-institutional category (consisting Limited Liability Partnership, Partnership firms, some Scientific and /or industrial research organizations, Companies, and Public/Private Charitable Trusts)
  • High Net-worth Individual ("HNIs") - Resident Indian individuals and Hindu
  • Undivided Families applying for above Rs 1,000,000
  • Retail Individual Investors - Resident Indian individuals and Hindu
  • Undivided Families applying for above Rs 1,000,000
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