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To 998 vipin kumar. As u wrote that u r in karvy. i`ve applied online through indianfoline for NHPC IPO.My account islinked with ICICI,and one time a dividend has also came of a company through ECS.My problem is that is my account is wrong in my demataccount. So i want to know karvy will send ceque or will ECS it .
ICICIDirect applications are ASBA by default where the amount is blocked but not deducted from your account. Instead of getting a refund cheque the amount will be unblocked depending on how many shares you are allotted.
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for 997 faikra, I have my Saving bank account in Indian overseas bank & Bank of India. IPO amounts (NHPC) have already been debited to both accounts on 18.8.2009.
for 1003. JAYABRATA You have nothing to worry of refund of balance amount as the same will be credited in the bank account through ECS, mentioned while opening the demate account. If there is any problem for sending through ECS then cheque will come which you can deposit in your account.
I have demat account with India Infoline & a SBI saving bank acount associated with it. I have applied for 5 lot of nhpc share but i pay the money through demand draft. And i did not mention anything in the RTGS REFUND column. So can you please tell me that how they refund my remaining money through check or through ECS. My SBI brunch IS ECS enable. Please help me out. BECAUSE I AM VERY TENSE as this is my first time entry in the SHARE MARKET.