Best savings account for applying ipo
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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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What are savings account interest rates for amount between 1L-2.5L ?
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...
@bobby_123 @BAT_MAN @kukdookoo @legend101 @mohiitt @bikidas2060 @tappukepapa @batmanBABA @Bk100 @DEEPANGEORGE
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....
Au bank also has this feature. @rahulsoni0706846
AU bank, Idfc.
Idfc populates your info during application process. so, it's basically a one click solution to your IPO woes.
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.
Chances are higher in mainboard ipo ??
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
Even Demat no. is saved in BOB and AU as well. Therefore, no need to enter every time. Can apply via app as well.
+1 to Kotak
ActiveMoney benefits
Simple ASBA.
Best for the SME IPOs and FD benefits
Bandhan Bank, use UPI apps like GPay linked with it for IPO application...
Which bank net banking allows to apply for ipo through different PAN
icici with money multiplier fd i think it's called, funds will sweep out if ipo allocated otherwise fd stays intact