Who Can Apply for NCDs?

NCD accepts the application from three categories which are: Institutional category (including Venture Capital Funds, National Investment Funds Mutual Funds, Pension Funds, Provident Funds, Public Financial Institutions, Commercial, Regional Rural, and Co-operative Banks) Non-institutional category (consisting Limited Liability Partnership, Partnership firms, some Scientific and /or industrial research organizations, Companies, and Public/Private Charitable Trusts) High Net-worth Individual ('HNIs') - Resident Indian individuals and Hindu Undivided Families applying for above Rs 1,000,000 Retail Individual Investors - Resident Indian individuals and Hindu Undivided Families applying for above Rs 1,000,000