How can you invest in NCDs?

Investors can invest in NCDs both online and offline. Before investing in NCDs, investors should ensure that they have a Demat account with Central Depository Services Limited (CDSL) or National Securities Depository Limited (NSDL). They should apply for the issuance of NCDs only through the ASBA process.

The following are the steps to buy NCDs online in India:

1. Open the website of the intermediary.
2. Look for the bond/debt/IPO section.
3. Select the NCD.
4. Fill in the NCD investment details like quantity and price.
5. Complete the payment.
6. Submit.

The offline NCD application can be done by following the below steps:

1. Download the application form from the intermediary's website and fill it out.
2. Applicants should submit the application form only to the bidding centres, SCSBs at the designated branches, Registered Brokers at the Broker Centres, RTAs at the designated RTA locations or the Collective Depository Participants at the designated CDP locations.
3. The designated intermediary will upload the details of such application forms on the online platform of the Exchange and submit the application forms to banks to block the funds.

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