Rishabh Instruments Limited IPO Message Board (Page 10)

Kotak ASBA is generally one of the last to come these days.

Any idea of 3rd party debit? SBI 3rd party is still blocked

​@ValueSeeker Totally agree with you, I am also observing from last 3-4 months

​@MuStrFc , SBI 3rd party hold removed for me.

Kotak’s efficiency and punctuality has started diminishing nowadays
Status will be known by 10 am in morning if Allotted or by 11 am if not allotted

​@BHS They are lousy at servicing even HNI clients, whether it is CASA banking, chq deposit or loans. "Priority" is just a fancy term to make clients feel superior, there's nothing like priority when you want to bank with Kotak. They treat you like their captive customer base to force-sell and even mis-sell insurance and investment products.
I went for a home loan, they dilly-dallied for 6+ months, kept asking for more and more docs, home n office visits, and then finally refused it on flimsy grounds related to the project development stage (which they could have rejected much earlier).
Went to erstwhile HDFC Ltd., got sanction and disbursal in less than 10 days!

​@ipowale In ICICI money multiplier deposit and in kotak active money both are good for IPOs

Your FD is broken only in case of you got allotment and you have not sufficient balance in saving account

Kotak zero balance account provide active money facility (7% interest rate) with only 180 days maturity period of FD

I am currently using both ICICI and KOTAK FDs for applying IPOs

​@ipowale  - IDFC provides 7% for amount more than 10Lacs. https://www.idfcfirstbank.com/personal-banking/accounts/savings-account/interest-rate#Interest. Check this link. Please let me know if you find it is a good option.

@IPO MILJA kotak website states that

FDs will be created and broken in multiples of ₹5,000 for new ActivMoney registrations w.e.f 5th July’23.

So will it work in IPO which has say 14500/14850/14700 etc etc figures for 1 lot? Thanks.