|Credit Rating||CRISIL AA-/Negative (pronounced as CRISIL double A minus rating with Negative outlook)” and “ACUITE AA/ Negative (pronounced as ACUITE double A rating with Negative outlook)|
|Allotment||First Come First Serve Basis*|
|Frequency of Interest Payment||Annual||NA||Monthly||Annual||NA||Monthly||Annual||NA||Monthly||Annual|
|Minimum Application||₹ 10,000 (10 NCDs) across all Series|
|Face Value/ Issue Price of NCDs (₹/ NCD)||₹ 1,000|
|In Multiples of thereafter (₹)||₹ 1,000 (1 NCD)|
|Tenor||24 months||24 months||36 months||36 months||36 months||60 months||60 months||60 months||120 months||120 months|
|Coupon (% per annum) for NCD Holders in Category I, II, III & IV||8.75%||NA||8.75%||9.10%||NA||9.15%||9.55%||NA||9.30%||9.70%|
|Effective Yield (per annum) for NCD Holders in Category I, II, III and IV||8.75%||8.75%||9.10%||9.09%||9.10%||9.54%||9.54%||9.55%||9.70%||9.69%|
|Mode of Interest Payment||Through various mode available|
The coupon rate basically determines the amount of interest rate that you are going to get per annum.
Tenure of investment
The tenure of investment basically is for 24 months which is 2 years, right up to 10 years. It is very important when you want to understand the cash flow available to you.
Rating of the instrument
The rating of the instrument basically tells you the quality of the instrument. When someone is investing in NCD, he needs to understand the paper quality that he is investing into?
An opportunity to lock-in your investment at higher interest rates
Listed on open stock markets and exchanges
Can be issued by companies with good credit rating only
Issuance process is very easy and supported digitally while trading is done through Demat
Interest earned is paid by direct bank transfers