Why do I need to pay accrued interest?
If the present bondholder sells his Bonds, he has to get
the interest until the date of the sale. Here can be a time gap between the
last interest payout he received until he sells them. As the next interest
payout goes to the buyer, the buyer must pay this accrued interest to the
seller, in addition to the Bond’s selling price.
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How will I receive the interest payment?
The interest payment will hit the bondholder’s bank account associated with the Demat account as per the predefined schedule.
Where will I receive my interest payment?
The Interest payouts from Bonds get credited to the Bond Holder’s Bank account that is attached to his/her Demat account.
Where will I receive my interest payment?
The Interest payouts from Bonds get credited to the Bond Holder’s Primary Bank account that is linked to his/her Demat account.