@Yashashwi Thank you for your reply. If FD linking facility is there in IDFC First Bank for applying for IPOs, one can get 7.75% interest for FDs for the tenure of 549 days compared to 7% in Saving A/c. In the case of Senior Citizen, it is 8.25%. I am a Senior Citizen and using huge amount and so the extra interest matters to me. Presently, I am in the Indusind Bank where IPO closing time is 3 pm for HNI. As I feel the IPO closing time of IDFC First Bank is better than that of Indusind Bank, I am thinking of shifting to IDFC First Bank.
@G profit Kindly intimate whether linked FD facility is available in IDFC First Bank and if so whether we can use the amount(s) of linked FD(s) together with the amount in Savings A/c for applying for IPOs under NII category through Net Banking.