Looking for an investment that gives fixed returns, regular income, and clear visibility on when and how much you’ll earn?
Then Non-Convertible Debentures (NCDs) might be the right choice for you.

NCDs have become a popular option because they offer higher interest rates than many traditional savings products, and they are easy to understand — even for new investors.
Let’s break it down in a simple and friendly way.

What Exactly Is an NCD?

A Non-Convertible Debenture (NCD) is a type of fixed-income investment issued by companies.
When you invest in an NCD, you’re lending money to the company for a fixed period. In return, the company pays you:

• A fixed interest rate

• At regular intervals (monthly, quarterly, yearly)

And once the tenure ends, you get your entire principal amount back.

It’s called non-convertible because the debenture cannot be converted into shares.