Post allotment - I will be holding NCD units in Demat format as like any stocks. If you look at NCD - it offers Interest/maturity Payments in modes like - monthly, yearly or at Maturity.
Where will I get the Interest or maturity amount? In my bank account (which is linked Demat)
OR in my trading account (I then need to transfer it back to my bank).
I believe the same question can be raised about Gsec/Bonds etc which can be held in Dmat format. Assume I am ready to hold it till maturity.
Thanks for reply @Bhuvan. While applying for this NCD via SBI ASBA, all it asks me is my demat ID. No bank details. You know like in case IPO. So I am assuming that after allotment, zerodha somehow conveys my bank to issuer company. Right?