Interest Due Dates for various Series of Bonds
| Series* | Rate of Interest | Interest Due Date (every year till maturity) |
|---|---|---|
| XXXII | 8.8493% | 10-Jul |
| XXXIV | 8.71% | 10-Jul |
| XXXV | 8.785% | 10-Jul |
| XXXVI | 8.8086% | 10-Jul |
| XXXVIII | 9.17% | 10-Jul |
| XXXIX | 9.3896% | 10-Jul |
| XL | 9.558% | 10-Jul |
| XLI | 9.6713% | 10-Jul |
| XLII | 9.00% | 25-Jan |
| XLIII | 9.2573% | 10-Jul |
| XLIV | 9.25% | 4-May |
| XLV | 9.4376% | 10-Jul |
| XLVI | 9.3473% | 10-Jul |
| L - 2A, 3A, 2B, 3B | 8.48%, 8.66%, 8.73%, 8.91% | 16-Dec |
| (Tax Free Bonds) | ||
| LI - A, B, C | 8.19%, 8.63%, 8.61% | 4-Mar |
| (Tax Free Bonds) | ||
| LII | 9.34% | 24-Mar
|
| 53 | 9.17% | 22-Sep |
| 54 (Bonus Debentures) | 8.49% | 25-Mar |
| 55 (Tax Free Bonds) | 7.15% | 21-Aug |
| 56 1A, 2A, 3A,1B, 2B, 3B | 7.11%;7.28%;7.37%; 7.36%;7.53%;7.62% | 5-Oct |
| (Tax Free Bonds) | ||
| 57 | 8.19% | 15-Dec |
| 60 | 8.05% | 5-May |
| 61 | 8.10% | 27-May |
| 62 | 7.58% | 23-Aug |
| 63 | 7.47% | 16-Sep |
| 64 | 7.49% | 7-Nov |
| 66 | 7.37% | 14-Dec |
| 67 | 8.30% | 15-Jan |
| 69 | 7.32% | 17-Jul |
| 71 | 6.29% | 31-Jul |
| 72 | 5.45% | 15-Oct |
| 73 | 6.43% | 27-Jan |
| 74 | 6.87% | 20-Apr |
| 75 | 6.69% | 13-Sep |
| 76 | 6.74% | 20-Dec |
| 77 | 5.78% | 29-Apr |
| 78 | 7.44% | 25-Aug |
| 79 | 7.44% | 16-Dec |
| 80 | 7.35% | 17-Apr |
*Interest will also be paid for part period on the redeemed STRPP/ Part on the date of respective redemptions.
Interest Payments
Interest Payments have been/would be released to the Bondholders / Beneficial Owners on the due dates of interest payment through Cheques, Demand Drafts, Electronic Fund Transfer, as the case may be. In case of non-receipt of interest payment by due date, investor may contact Bond Section over phone or through e-mail.
Interest payments are subject to holiday convention s mentioned in the respective offer documents
Dematerialisation
All Running (Live) Series of Domestic Bonds have been admitted with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). International Security Identification Numbers (ISINs) and Security description for each Series are available at web-sites of NSDL and CDSL viz., http://www.nsdl.co.in/ and http://www.cdslindia.com/ respectively.
Registrar & Transfer Agents
The company has appointed Registrar & Transfer Agents for various Series of Bonds, who may be contacted by the Bondholders. For details click here
Debenture Trustees
Debenture Trustees for various Series of Bonds, who may be contacted by the Bondholders. For details click here
Compliance Reports of Bonds sent to Trustees. Click here to download
Common Information For Domestic Bondholders
Till FY 2022-23, TDS was not required to be deducted on interest payment, in case of listed dematerialized bonds held by resident investors as per proviso (ix) of Section 193 of Income Tax Act. However, Finance Act 2023 has abolished such exemption and hence TDS is required to be deducted on interest payments on NCDs to resident investors w.e.f. 01-04-2023.
TDS shall be deducted at 10% of the amount of interest paid to resident investors. However, TDS shall be deducted at source at 20% in the following cases:
i. Investors who do not have PAN / have not registered their valid PAN details in their demat account / with the Company / Registrar and Transfer Agent / Depository Participant (Sec 206 AA) and Investors who have not linked their Aadhaar with PAN. The last date to link Aadhaar with PAN was 30.06.2023.
ii. Investors who have not filed income tax returns for the previous year (Sec 206AB).
In case of non-residents, TDS shall be governed as per Section 195 and Section 196D of the Income Tax Act.
Exemptions from TDS:
A. No tax deduction at source shall be made in case of Resident Individual investor, if the Exemption Forms (Form 15G / Form 15H), as required under the Income Tax Act, are submitted.
B. If investors are covered under any provisions of the Income Tax Act / CBDT notification, a declaration along with Income-tax/CBDT approval granting the exemption and recognition under the relevant section of the Income-tax Act are submitted.
C. If tax is to be deducted at a lower rate or no deduction of tax, kindly mail a valid certificate issued under Income Tax Act for NTPC Limited (TAN DELN08554A).
Deduction of tax at a lower rate or no deduction of tax shall depend upon the completeness of the documents and the satisfactory review by the Company. The relevant documents along with the declaration are required to be mailed to tdsbond@ntpc.co.in positively 15 days before the scheduled payment date.