69.1. jstm| Link| Bookmark|
October 27, 2021 9:18:15 AM
(1300+ Posts, 3200+ Likes)
Same question. Yesterday I downloaded app and checked T&C. I found they are charging for IMPS,NEFT however UPI payment is only free. If I am not wrong as per RBI guidelines NEFT is free for all banks.
@Wannabe Value Investor, As per recent instruction given by RBI, all banks removed their service charges against NEFT & IMPS payments.
69.4. lokes| Link| Bookmark|
October 27, 2021 12:42:55 PM
IPO Guru (4400+ Posts, 5100+ Likes)
@Prabahar P M : Banks still charges for IMPS transaction. it depends on bank to bank and account type and also on number of imps transactions per month. Some gives IMPS free as per account type, some charges after some defined transactions in a month and as per transaction value. I am using a lot and from mnay bank accounts so am 100% sure on this.
Only NEFT transactions were made free by RBI last year.
FINO Paytech is the Holding company of FINO Payments bank.
FINO Paytech is being traded in the unlisted market since last 3-4 years. Currently it is trading at Rs. 450 (approx). Generally, Holding companies trade at discounted price.
IPO is for FINO payments bank. And as of now there is not GMP for this stock.
FINO is backed by few biggies like BPCL, ICICI, Blackstone etc.
Me too. Never got allotment from linktime. I think They have setting with few old demat firm. I have many friend who apply from Zerodha, Groww ete Tech company. None of them got anything from Link Time. and my friend who use service of sherkhan is so lucky. Got allotment in many company in past 2-3 months. I suspect something is fishy.
59.8. jajo| Link| Bookmark|
October 23, 2021 11:13:48 PM
Top Contributor (300+ Posts, 200+ Likes)
At least this IPO has Karvy as registrar. Be happy!!