Need A Financial Product Forums Trading/Investments When will I get interest in Option IV Cumulative NCDs

This topic contains 1 reply, has 2 voices, and was last updated by  Md Mahmood Alam 2 years, 5 months ago.

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    In 2010, I invested in Option IV Cumulative NCDs. The interest will be payable to me at the time of redemption in early part 2015. If I opt to renew it for 5 more years, i.e. till 2020, will I get the accrued interest till 2015 in 2015 itself or in 2020?

    #47252

    Jharna Desai
    Member

    If you renew your Option IV Cumulative NCDs for 5 more years, then the whole interest will be paid to you in 2020 including the interest for the initial 5 years.

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