Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

How does NCD work?

Non-convertible debentures (NCDs) allow investors to lend money to a company for a fixed interest rate over a defined tenure. Companies issue NCDs to raise funds for purposes such as expansion, working capital, or debt repayment. Investors receive periodic interest payments, and the principal amount is repaid at maturity. Listed NCDs can also be bought or sold on stock exchanges, providing liquidity to investors.

How does NCD work?