NCD IPO
Know your Application Status, Allotment & more
An NCD issue can have multiple series with different:
- Interest rates
- Tenures
- Interest payout frequencies
- Other terms
For example:
1. Series I @ 9.50% interest rate with 24 months tenure & payout frequency - Monthly
2. Series II @ 10.00% interest rate with 36 months tenure & payout frequency - Quarterly
Series III @ 10.50% interest rate with 60 months tenure & payout frequency - Cumulative
The actual terms vary by issue. You should select the series based on the terms applicable to that particular issue.
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