Yes, Redmi Y2 does have the OTG support.
Redmi Y2 comes with a 2A output charger in the box.
Yes, Redmi Y2 does have the LED notification light.
Yes, Redmi Y2 does support the 1080p HD videos.
The Xiaomi Redmi Y2 is a slightly better attempt at a selfie-focused smartphone than the model it replaces. It has proven hardware that is capable of delivering a smooth user experience, plus MIUI 9.5 which has a lot of added features.