Ncd interest & tax

NCD wth coupon 9.62% half-yearly payment is available at YTM (Yield to Maturity) 10.34%.  FV= 1000Rs Current trading price = 1034.67Rs  As per IT rules, TDS will be deducted above interest payment of 5000/yr.

To avoid TDS complications, what should be my investment amount in the NCD? I plan to hold the NCD till maturity.

Thanks in advance.

To my knowledge, tax is not deducted for NCDs if they are in demat form and listed in a stock exchange.