Over the years people have always seeked Bank Fixed Deposits as an way to save money and to get decent returns. Without getting into risky areas like stock. But very few realise that they can earn better returns by investing in NCDs (i.e Non - Convertible Debentures). There are many NCD available in the market which can be bought on the exchanges. Lot of people do mistake of buying NCDs on IPO basis wherein the chances of allotment are very less, since lot of people apply directly. You will be surprised to know that Debentures can provide you better interest than Fixed Deposits which have interest rate of dismissal 9.25-9.75%. The yield on this debentures is around 10-12%, but one can get much highest yield upto 14-17% depending on the timing of the market. So how to get higher yield on debentures? Well most debentures are tradable on stock exchanges. Whenever the returns on stock increases the people tend to sell the debentures, there by reducing the cost and increasing the yi