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asked
Alert:
Yes, IPO application with a third party bank account is allowed when using ASBA. But only a few banks including SBI offer the 3rd Party IPO Application.
Note: Private bank's like ICICI, HDFC, etc do not offer this facility.
The BSE circular on 3rd Party IPO Application
'Note: Trading Members with 3-In-1 account facility will have the option to provide the bank details up to five banks'
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