Sbi bank .... Applied - 4 applications. Alloted - 1 application Money debited - 14678 Hold removed for 3 applications All done .....Very fast SBI bank ... I am happy
How is it possible? In RII category there is 3.5x subscription. If a person had applied for 5 lots...he should atleast get 1 lot. Seen people below saying they got 2/4 or 1/1 or 2/2 ALSO seen people saying 0/5 0/4 Very bad.
You enter into a pool where it is a lottery. more application increases your luck. Eg- if person A applies 99 lots, person B apply only 1 lot. and total allocation is only 1.
Probability for Person A is 99/100, Person B= 1/100 But after lottery person B gets allocated :) pure luck....
If A applies 20lots. B applies 1.. Lot available 1. Chance of A = 1/2, chance of B= 1/2. It is done based on PAN no which is unique and not based on no of lots u apply.