An NCD application form may look overwhelming for someone new. Don’t worry, here’s your cheat sheet to all the key terms you need to know from the form:

● Issuer Name: It's the name of the company that issues the NCD to the public.

● Credit Ratings: Credit grades given by agencies that indicate the debt obligations of the company. Higher the ratings, the lesser the credit risk, the better the company and its NCD. 

● Issue Price: It is one fixed price per NCD bond and is also known as the Face Value of the NCD. Generally, companies keep it fixed at ₹1,000.

● Series: Each NCD offers a different combination of tenure and payouts, depending on which the interest rate of each series varies. You can choose the series best suited for your needs.

● Security Type: The period of interest payment the company pays you for buying NCD bonds. They are of four types:

     o Monthly

     o Quarterly

     o Annual

     o Cumulative

● Issue Size: It is the total funds that the company has decided to raise via public funds by issuing NCD.

● Coupon: It is the interest rate that you will receive on the total invested amount periodically, on intervals of the security.

● Tenure: Refers to the period after which the NCDs mature and you will receive your full principal amount you lent to the company.

● Maturity Date: It is the date on which the NCDs will mature and you will receive the full amount for investing in that tenure.