How is interest payment carried out for holdings in dematerialised form?
Interest payment for debt instruments will be handled in the same way as corporate benefits are handled for equity. On communication of record date by the Issuer, beneficiary position will be downloaded to the Issuer/Registrar by NSDL. In addition to the above statutory requirement, NSDL provides weekly download of beneficiary position to all Issuer/Registrar.
Related Questions
- If the investor has holdings in dematerialised form, should the bonus/ rights issue against them be credited to the same account?
- If the holdings are in dematerialised form, will the bonuses / rights against them be issued in the same form?
- How is interest payment carried out for holdings in dematerialised form?
