You can sell your bonds in five simple steps.
Step 1 - Place a sell request: Select the bonds from your bond investment holdings that you want to sell
and then place a sell request.
Step 2 - Accept the best price: On the same day, you will be notified via mail and SMS as soon as the best
price offer is available for your sell request. You can review and accept or reject the offered price.
Step 3 - Accept the deal sheet: Once you accept the price, a deal sheet will be generated between you and
ASL.
A deal sheet is an agreement between the seller and the buyer that mentions deal related information such
as the buyer and seller details, bond details, investment amount etc.
You need to confirm the deal sheet via OTP that will be sent to your registered mobile number.
On confirming the deal sheet, your units will be blocked in your demat account.
Step 4 - After confirming the order, you need to fill & submit the demat Delivery instruction slip (DIS) at the
nearest ASL / Axis Bank branch on the same day
Step 5 - Receive payment: Once you submit the DIS and DIS is executed, the order gets executed. The
bond unit(s) will be debited from your account at T +1 i.e. next trading day. You will receive payment to your
KYC linked account on the T+1 day