Is a demat account required for NCD?

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Yes, a demat account is required for NCDs.

The mode of issue of NCD IPO will be in dematerialized form only. Therefore, a demat account is required for the company to credit the securities at the time of allotment.

Some companies allow the issuance of NCDs in physical form at special request, however, trading in NCDs is allowed only in dematerialized form.

Topic: NCD Application Process Feedback

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