Help Regarding IPO via FD
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No, as per ASBA guidelines, the applicant needs to have sufficient balance in his/her Savings or Current account for application money. Money in other type of accounts like loan, overdraft and FD etc., cannot be used.
In Kotak, its Activ Money.
In AU, its Flexi FD.
Almost all banks are giving options to apply via Sweep in FD facility.
Can you give details about au flexi fd I have account in au and have fd as well.
If anyone know reply please I also need it for applying SME ipo.
I used Kotak and ICICI, and they work fine with the UPI mandate for IPO, Kotak used Active Money and Icici used money multiplier features
Upi mandate u give in ur trading dealer account? Spoke to kotak customer care recently they said if funds blocked no interest ? In active money if ipo alloted and funds fall short of limit for active money when will get interest ?
Is it possible in idfc bank?
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Kotak might have something but I'm not sure, heard about indusind too, personally not into these banks...