How to invest in NCD online?

All applicants should apply for NCD issuances exclusively through the ASBA process. The following are the ways in which investors can apply for NCDs online:

• Net banking facility of ASBA Bank.
• Broker platform.
• NSE/BSE.

NSE and BSE offer NSEgoBid and BSEDirect apps/websites through which retail investors can apply for NCDs up to Rs 5 lakhs. Not all brokers and banks offer the facility to apply for NCD online. Therefore, the investor must check with their broker or bank if this facility is available.

To apply for an NCD online, the investor should fill in the NCD bid details online and provide the DP details and bank accounts (ASBA/UPI) as requested. In the case of a UPI application, the investor needs to approve the UPI mandate to complete the application process.