Bank of baroda : If i apply from saving account (which is linked to Home loan), Will the balance which is lien marked be counted for reducing the outstanding home loan?
If there is no any overdue amount in loan a/c ,bank will not lien any amount on your savings account.If your housing loan a/c is linked with your savings account,then interest will be charged on net balance outstanding.For example,if there is balance outstanding in loan a/c is 5 lakhs & your savings account balance is 4 lakhs,then interest will be charged on 1 lac only.
@Esparando yes you are right everyone deserve scam once the bank account is full from 1 pm than choose the next pm everyone get good chance to full your bank account slowly slowly because we have 5 years to scam to Indian people tax paying people etc.. 😂😂
Allotment setting is going on. Bigshare is a big fraud. Never got any allotment in bigshare in last 2 years. There is no transparency in allotment process. Whatever registrars publish we have to accept it.
Yes its high time allotment process should be live on website... however hours it may take... should be in front of eyes of investor... technology is so good these days... registrar can easily arrange for live allotment...
Which bank provides sweep in/out FD to apply IPO? Please comments here. I am personally using icici bank. recently opened an account in hdfc thinking it provides this facility.
Kotak and Yes bank do provide this facility, though i do not know the details..
HDFC and SBI never provided this facility for IPO application..
310.2. RAT| Link| Bookmark|
May 28, 2024 9:50:05 PM
Top Contributor (200+ Posts, 100+ Likes)
@Ankur Goel Hdfc doesn't provide this facility as per my knowledge....currently YES BANK,RBL BANK,ICICI BANK,KOTAK BANK,INDUSIND BANK provide this facility.....am personally using INDUSIND AND KOTAK....it works fine till now....
In my opinion small finance bank like RBL and IDFc are good as compare to auto sweep for IPO keeping money in saving account
310.8. RAT| Link| Bookmark|
May 28, 2024 11:06:29 PM
Top Contributor (200+ Posts, 100+ Likes)
@RajBreaks There is threshold limit in the account which is different for different bank eg 25k for kotak and 20k for indusind..above this threshold limit the money u deposited get automatically last in first out) applied and FD wil broke according to that...hope u r getting my point... But in icici bank it works little bit different...known as money multiplier...
ANKURJI In my view the best thing is to avail of overdraft against your FD up to 90% of the FD value. You can do with private bank such as HDFC bank or public sector bank such as SBI or Bank of Baroda etc. The difference is public sector banks charge 1% above FD as interest charges on over drawn amount while PRIVATE SECTOR BANKS SUCH AS HDFCBK AND ICICIBK chrge 2% above FD interest rate. Thus Private sector banks are more expensive . Hope it helps regards
308.1. Rajiv RR| Link| Bookmark|
May 28, 2024 8:45:19 PM
Top Contributor (600+ Posts, 100+ Likes)
@🔥Black Rock 🔥 I had checked with the bank, they said not permitted on the UPI linked to the RuPay Credit Card.
308.2. Hrishikeh| Link| Bookmark|
May 28, 2024 8:55:00 PM
Top Contributor (500+ Posts, 100+ Likes)
there are many jugad to take cash from credit card (besides withdrawing from ATM) to apply in IPO but usually the charges are high but ofcourse it may be less if you get allotment and good listing gain
Ru-pay credit card can be linked to UPI, however it can not be used for certain transactions - like transferring funds to individuals or to apply for ipo. Hence, credit card is of no use for ipo application purpose.
Rupay credit card is just for merchant transactions. So you can scan and pay for your daily needs . Only thing is you will save one month interest or use the money in bank account for extra one month .i use rupay credit card for every payment i do outside. Some shops don't take UPI payment by card. Like 1 out of 50
Many of my friends are talking about new ipo kornox lab, even though their are no such posting of this new ipo in chittorgarh website. Can any one please share the source or website from where we can can check out new ipo. Thanks in advance.
Investor has no control over it. When you apply for an IPO, application is forwarded by broker or bank using API interface to exchanges. Only, in secondary market (post allotment), one has option to choose between NSE and BSE if stock is listed in both the exchanges.
@Sanwal Saab Was it HDFC? Same for one of my account. I feel they HDFC doesn't process the applications or process very late which makes the application invalid. I have never in the past received any allotment through HDFC.
I checked the application status in the bse site, it's saying no application is there in the record. But last time it did show up in the bse site before the allotment, this time it isn't.
Thinking of moving to some other bank. This is for a parents account.
Do not want to start any political debate. But in current scenario, when the stock brokers/traders are giving targets for seats for any particular party. & Politicians are giving target for Stock indexes, we have to discuss because Stock market is heavily dependent on the election result for short to mid term at least. So, the point is, whoever thinks that BJP/NDA is not getting 300+ seats, stop giving number of seats to any party. please empty your portfolio & show it here. Because if it happens, accept or not, market will crash like anything. So if you are so sure about BJP not forming the government again with majority, have the guts to do the needful. PS: I am not supporting any party, but as a investor, I want stable & repeat government.