NCDs are used as tools to facilitate long term funds by companies through public issue therefore lenders are generally given a higher rate of return in comparison to convertible debentures.

Non-Convertible Debentures (NCDs) have developed as a one-stop solution that continuously instills the investor's confidence in investments through a blend of risk-return profile and ease of liquidity. 

Simply put, NCDs are fixed pay obligation instruments issued by an organization wherein an organization agrees to pay a fixed pace of interest on your investment for a specified period so as to raise cash from advertise for business purposes. As the name suggests, these debentures can't be changed over into shares of the issuing organization, not at all like convertible debentures. Interest on NCDs is paid at various timespan like quarterly, semi-every year or every year. They also have an alternative of aggregate interest in which case interest is accumulated and paid on development