Zero coupon zero principal (ZCZP) instrument

    ESG & Governance

    A listed security issued by a non-profit on a Social Stock Exchange that pays no interest and returns no principal, so it works as a donation.

    ZCZP issues have a minimum size of ₹50 lakh and a minimum application of ₹1,000, are held in demat form and cannot be transferred. Subscriptions qualify for section 80G deduction, subject to its conditions. Since 27 May 2026, companies may meet up to 10% of their yearly CSR spending by subscribing to ZCZPs.

    Related terms

    Social Stock Exchange (SSE)CSR (corporate social responsibility)Social impact assessor

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