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Best savings account for applying ipo

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rahulsoni070...

I am thinking to countinuosly apply for SME ipo’s for that i require to keep 1.5L-2.5L in my savings account, so want to know which account is best for this as in terms of savings account interest rate, quick release of fund in case of non allotment etc. On a side note is it a good idea to apply only for SME ipo and not mainboard ipo?? Do share your thoughts

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just today tried to apply for ambey laboratories ipo through indie account but didn’t got payment notification so i think it doesn’t support ipo application
Deal Brigadier Deal Brigadier
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icici 

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What are savings account interest rates for amount between 1L-2.5L ?

Spearhead Spearhead
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Mera Canara bank me account h , i apply on groww app through paytm upi... Ek bar me hi apply hota h and na milne me instant amount unblock...

Last week mene angelone se kia tha from googlepay through sbi bank, aur instant cancel bhi kr dia tha bcoz i changed my mind but fir bhi 7 din tk amount block kr ke rkha...

So i think groww and paytm combination is fast...

Budding Star Budding Star
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I apply via Canara.
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Comrade Comrade
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Kotak 811
U can use activemoney feature... Get intrest rates of an fd... Use that money to apply for ipo, s too... U will get intrest for the period money is blocked for ipo application....

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guys i am glad with you response’s but please also share reason for suggesting particular bank 🙏
Investor Guru Investor Guru
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AU bank, Idfc. 

Idfc populates your info during application process. so, it's basically a one click solution to your IPO woes. 

Deal Lieutenant Deal Lieutenant
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small finance bank because of the high interest, I prefer Bandhan bank

but I will be now skipping SME IPO because allotment chances are very rare, i haven't gotten any sme ipo in the last 1 year, and i have applied in almost all in this duration.

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Chances are higher in mainboard ipo ??

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Deal Newbie Deal Newbie
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Kotak bank Because


    • You can active active money for approx 7% interest


    • Apply to ipo using mobile application other bank require net banking


    • Demat number account is saved in kotak no need to enter every time


    Other banks like icici you can apply using mobile app if you have demat account offered by them 
    Wrost is Hdfc here every time you need to enter the demat account number

    This is my review after trying out
    Hdfc, kotak, AXIS, ICICI and one time PNB and Sbi too

    Heart of Gold Heart of Gold
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    Even Demat no. is saved in BOB and AU as well. Therefore, no need to enter every time. Can apply via app as well.

    Generous Generous
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    +1 to Kotak

    ActiveMoney benefits

    Simple ASBA.

    Best for the SME IPOs and FD benefits 

    Finance Mentor Finance Mentor
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    Bandhan Bank, use UPI apps like GPay linked with it for IPO application...

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    Which bank net banking allows to apply for ipo through different PAN

    Deal Subedar Deal Subedar
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    icici with money multiplier fd i think it's called, funds will sweep out if ipo allocated otherwise fd stays intact

    replyuser
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