What is NCD?

What is NCD?

Non-Convertible Debenture (NCD) is fixed income instrument issued by companies to raise funds to meet various financial goals. NCD is listed in exchanges (ISIN number) and can be traded on stock exchanges. Interest on the investment amount can be earned monthly / quarterly / annually / cumulative and on maturity principal amount is paid to the debenture holder. There is no TDS deducted while distributing interest to customers.