Interest on Refund

Question

Interest on Refund

The interest paid by the issuing company to an applicant who doesn't get NCD allotment.

Answer 1 · 2019-05-14

The interest paid by the issuing company to an applicant who doesn't get NCD allotment. It is paid for the period for which the application amount is held with the company. There is no specified rule defining the percentage of interest to receive on refund money for Non-Convertible Debentures.

Interest on Refund

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