it will be rejected... withdraw the bid for other than account holder... apply through net banking of demate holder account and if net banking is not available do it through physical form... please ensure the signature of the demate holder must be same as in bank account
My grand daughter has a demat account with Ventura and SB account with SBI. The Bank does not give internet banking access because she is minor. Transaction access is not given to her by the Bank. As such IPO cannot be applied through ASBA. Is there any alternative to apply IPO in her name please ?
I don't understand about the bank policies. Even ICICI bank providing internet banking for my daughter, from her login they deny to accept ASBA request. But contra, her account got linked with my SB account, when i tried to apply from my login, her application is accepted. What a programming?! LOL!