What happens to NCD on/after maturity date?

What exactly happens when a NCD matures? Is money transferred to bank account like in the case of FD or we have to manually sell it?

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you will get money back after maturity in same bank account


The unit gets debited from demat account, and they will credit amount to the bank account which has linked to your demat account.


So no additional Paper work will be required? Just buy from secondary market, hold in Demat till Maturity and on Maturity get the funds credit in your Bank Account? As simple as this?

Yes, 100% do not need any paperwork. @smakkar

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