Flair Writing Industries Limited IPO Message Board (Page 23)

Open trading account in Upstocks

Bank account can open in any bank which provide me thanking facility for minor account like ICICI bank etc

Sorry Prostocks provide minor account facility

​@PBG Tech yes prostocks is most covinient for demat

Hdfc and prostocks.

Simply, Open Minor Bank account in RBL and Minor Demat+Trading in Prostocks.

I opened for my 2 children simultaneously.
PAN took 10 days, RBL took 5 days, Prostocks took 4 days.

KOTAK BANK - BANK AND PROSTOCKS - DEMAT BEST

​@Dev Investment Advisory Sir you apply through UPI or use net banking.

Also, does kotak bank give debit to minor account?

Thank you sir in advance

@ Chiragmenghani

In MINOR APPLY THROUGH ASBA ONLY.
EITHER NETBANKING OR MOBILE BANKING ,MOBILE BANKING IS MORE CONVENIENT

KOTAK BANK PROVIDE CHEQUEBOOK ,
DEBITCARD NOT USEFUL FOR MINOR
YOU HAVE TO FILL ASBA BENEFICIARY REGISTRATION FORM AND SUBMIT TO BRANCH LATER CAN APPLY THROUGH ASBA IN MINOR AND HUF.
BELOW IS FORM

https://www.google.com/search?q=kotakasba+form&oq=kotakasba+form&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIJCAEQABgNGIAEMgoIAhAAGAgYDRgeMgoIAxAAGAgYDRgeMg0IBBAAGIYDGIAEGIoFMg0IBRAAGIYDGIAEGIoFMg0IBhAAGIYDGIAEGIoFMg0IBxAAGIYDGIAEGIoF0gEINDAxMWowajSoAgCwAgA&client=ms-android-oneplus-terr1-rso2&sourceid=chrome-mobile&ie=UTF-8

It's 3 page form.below is for ref

I have HDFC bank account and Zerodha demat for my minor daughter... HDFC is good to apply for IPO through ASBA option...

​@PBG Tech HDFC Bank and ProStocks. I am using this combination for my minor son and working smoothly 👍

Pls guide reg Minor demat
1. PAN Applied for minor but physical form need to be sent. It requires sign/thumb impression on form. I think parent need to sign? Is it correct?
2. Has kids saving account in hdfc but it shows parents PAN in the account no. So should we need to get update after minor pan generation?
3. Pls share minor demat opening and ipo application exprerience

Thank you @Dev Investment Advisory For the help.

I was confused between HDFC and Kotak ...

But now I am going with Kotak.

I have one little query sir, can we fill this form of adding beneficiary online?

@ chirag meghnani
No you have to submit this form physically along with detail mentioned their with minor pan

Major city kotak bank know the proces ,in town you may face issue bcs they don't know ,how to add minor or huf physical asba beneficiary.

Best wishes for your child

I am using 9 minor ac of my family since 5-10 yrs.

And also having good folio, in certain stock 200 to 1100% return like mazdock,apollo, adanipower, irfc, datapatttern, mtartech,philipscarbon etc.

So my point is start investment in minor and forgot

You will get good return than even sip ..also continue sips

Thank you @Dev Investment Advisory Sir. I will do the needful (about physical form). I will receive the physical pan card of my child next week, than i will do the process.

Also you have inspired all of us by sharing the screenshot of your investment for minors.

Cheers to CG community.

I am using Prostocks and Indian Bank combination. They didn't allow ASBA after several complaints but give debit card and UPI works flawlessly. Best benefit is there is no balance criteria, neither to keep a sum in account for average balance nor limit per month or debit amount limit like other banks. Have opened Central Bank Of India, PNB and SBI but none provides netbanking transaction rights or debit card. Have opened Bank Of India account and gave offline request for full internet rights, lets see what happens. Will update.

​@sumitgupta @AryanRaj

Pls guide reg Minor demat
1. PAN Applied for minor but physical form need to be sent. It requires
sign/thumb impression on form. I think parent need to sign? Is it correct?
Ans: Apply online then print the form and do the "gaurian/Parent" sign required at every place then send it via post
2. Has kids saving account in hdfc but it shows parents PAN in the account no. So should we need to get update after minor pan generation?
Ans:- Go to the bank and give the application in writing to Update the PAN number.
Note: @Chiragmenghani I prefer Icici savings account as you can do a Fixed deposit ( Money multiplier linked FD) and use the same fund for IPO. This is earning more interest than saving account balance.
3. Pls share minor demat opening and ipo application exprerience
Ans: ProStock works very well for me, It is very smooth, and it is as good as a normal account for an IPO application. ( post IPO allocation you can sell immediately or hold for future sell )

​@Dev Investment Advisory
Will we be able to apply asba ipo application from minor account.
When I contacted them in Delhi they said we can't.

@GuptaG ,

Yes , we can

I am using since 5 yrs in kotak asba

Recently alloted IRDAE...,CELLO,RRKABEL ETC

IT WORK SMOOTHLY.
DONT USE UPI ININOR, BCS IN THAT CASE ,IT BECOMES THIRD PARTY AS PAN THEIR CONSIDER AS MAJOR.
BANK DONT GET BENEFIT IN THIS SO THEY GENERALLY TRY TO AVOID.

PRESSURE THEM SO THAT WORK .

IF YOU ASK FOR INSURANCE THEY CONTINUES BEHIND YOU, HERE THEY DONT GET INCENTIVE,INCREMENT ETC SO NOT SHOWING INTEREST.

BUT TELL THEM , MY FRDS DOING THIS

Pls find allotment of my child 10 yrs old.throigh kotak asba.

​@Dev Investment Advisory In kotak is minor account is opened under guardian account or is it a fresh account opened? For ex in hdfc they have opened the account under my account.

@ guptaji
There are two ways

1. Nowadays direct minor ac open no need to open our account

2. If they insist to open your ac and then minor, just open online kotak 811 zero balance your ac and then minor ac under that. So you need not to maintain balance in your ac .if you don't want to use your ac

If you want to use so open your ac and then minor ac under your guidance

​@Dev Investment Advisory Thanks for your inputs, anyways I can try both way as I have a kotak account already.

​@Dev Investment Advisory  Sir ji does Kotak sec allow preopen selling with minor accounts?

​@Dev Investment Advisory How easy is linking PAN to kotak junior acc? Is the form provided by you suffiecient along with copy of PAN to make things work smooth. Because either bank employees know nothing or they don't want to know to reduce work load. They clearly deny opening juinor acc with netbanking forget linking PAN stage to come. :(

​@ipo share I have pro stock minor demat account and hdfc minor bank account but hdfc NetBanking asba is not allowing to apply for minor - how to solve this?

Get login ID of guardian and then you can apply in the name of minor

​@Dev Investment Advisory can you answer 1 question it would be really helpfull
i have made a minor account but the minor bank does not have the minor pan card linked with it it only has the guardian pan card the account is completely opened (prostocks) and i it is working good you think bank account will become a problem?

@ aryan sa

Probably it will be considered as third party.

So you may apply but not alloted bcs of rejection

Same happen to me.

When I apply ipo through UPI, having name of minor and everything , but when theird party ipo application now close ,so during allotment ,it shows pan not found.
Earlier alloted ..
So I have checked and found that though name in bank ac and demat same but here pan of guardian showed in bank application and demat pan of minor so mismatch ..
So I have made asba application to bank and linked minor pan in asba section

Now when.i apply I can see name and pan and bank AC all of minor not major

You may face this issue.

@ Devji

In minor account of kotak bank is the minor Pan updated or Guardian Pan. ?

I have minor account in icici with my(guardian) pan updated. Now they refuse to update the account with minor pan(pan created 15days back) . I cant apply through ASBA because the demat and trading account has minor pan but bank account has guardian pan , hence the bank says mismatch and rejected ipo form.