Question

    According to the Master Circular on KYC norms issued in

    January 2024, what is the minimum denomination for the issuance of Non-Convertible Debentures (NCDs)?
    A ₹2 lakh Correct Answer Incorrect Answer
    B ₹3 lakh Correct Answer Incorrect Answer
    C ₹10 lakh Correct Answer Incorrect Answer
    D ₹5 lakh Correct Answer Incorrect Answer
    E ₹1 lakh Correct Answer Incorrect Answer

    Solution

    The circular "Master Direction on KYC" specifies that NCDs must be issued in a minimum denomination of ₹5 lakh and in multiples thereof.

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