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Optional Convertible Debentures (OCDs) are hybrid securities that convert into equity shares at the holder's option.Investors have the choice to convert debentures into equity shares at a predetermined price. Conversion is discretionary,providing flexibility to benefit from any potential upside in company's stock price. OCDs are issued by companies to raise capital at lower cost than traditional equity financing and offer potential future equity ownership.

Features

• Payment of interest at Monthly/Quarterly/Yearly/ lump sum as per your requirement.
• Tenure 7/10/20 Years
• Minimum Deposit is Rs 5,00,000
• Max Deposit per individual Rs 5,00,00,000
• Credit Available
• Nomination facility available
• Premature withdrawal will have no interest
• Automatic renewals will take place where there is no maturity instructions recoded at the time of opening Term Lend Deposit account .