Rolex Rings Limited IPO Message Board (Page 28)

If PAN and DEMAT are different then you can, otherwise you cannot apply in the same IPO with both UPI and ASBA for same PAN - both applications will get rejected.

Sir i had applied from both can cancel anyone now ? And if yes which one i can cancel and how so atleast my one application is approved thanks for the reply

call customer care and unblock fund and apply fresh

No. It won''t

Since Registrars are completing the allocation on the 3rd working night and putting the allotment details in their website on the morning of 4th workingday, the chances are very high that amount would be unblocked on 4th.

Certain Banks like ICICI etc., may unblock on 3rd night itself.

Even otherwise Funds would be definitely unblocked by 5th, in which case, you can use for the issues closing on 6th.

It might not be unblocked by 4th, but you can expect it by 6th.
So, probably you will be able to apply for other IPOs ending on 6th.

It wil b refunded on 5th u can apply using the money since all IPOs close on 6th

You''ll get funds by 5th August if everything goes right..then you can apply on 5th August evening or on 6th August ...all 4 IPOs have 6th August as last date.

No need to worry. Funds will be unblocked on 5th if not 4th. You can apply on last day 6th too

@ALOK Ag. I am submitting my HNI applications through ICICI BANK / ZERODHA for the past nine months and enjoying the savings bank interest @ 3.5% for the blocked amount. Whether 5% from IDFC FIRST BANK is sustainable? We can not change the Bank then and there.

Thanks Devbull.Earlier I was applying through ICICI DIRECT but now through IDFC.Give a thought having 3in 1 in IDFC .Boond boond sae bhare sarovar

The way i use it is a bit different. I have a yes bank account (But i am pretty sure most banks will allow this so check with your fav bank - considering yes banks history is not the best).
I have my FDs in yes bank at various percents (from 7 to 6 depending on when it was created). When creating the FDs, i had an option to change it to savings amount if i withdraw from my linked savings account to the minimum balance amount. For ex - if my minimum balance savings account limit is 1000 and balance in my savings account is 1500 and the FDs are worth 3500 and if i withdraw 3000 from bank, the FD will be automatically reduce by 2500 rs. The first 1500 from savings account and 1500 from FD will be utilized for my withdrawal and 1000 will be transferred to my savings account to maintain minimum balance. Almost all banks i have account with have this kind of facility. and normally minimum balance for such accounts is very high (in my case, it was 25 k when i opened it almost 7 to 8 yrs back).

Now back to the point , ASBA blocks my FD to not allow me to withdraw and if i get allocated my FD will be broken and if i dont get allocation, i get FD interest (depending on bank and time when you created the FD)

@Devbull
IDFC Bank revises interest rates at monthly basis. Previously they were giving 7% too. Change bank carefully.

@Chax I have never heard about such FD rules. Can you please share some links so I can study them further?

In ICICIDirect 3 in 1 account, if alloted share are transferred to ICICIDirect account holding. Is it possible to sell these shares using Zarodha?
My question is related to comment on applying through 3 in 1 IDFC Bank and selling through Zarodha.

@chax
Thanks .
@Patel Trades
Thanks. Sawdhani hati durghatna ghati

@chax
Thanks .
@Patel Trades
Thanks. Sawdhani hati durghatna ghati
I am a retired senior government officer and involved in applying in IPO since 1977-78 and had applied in Reliance IPO but with no luck

@Avenue
IDFC first bank opens 3in 1 account in collaboration with Zerodha. I also have icici 3 in 1 account which gives less saving fund interest and brokerage is too high

@Avenue If you use ICICI Bank ASBA then you can get shares in Zerodha. If you use ICICI Direct then shares will get in ICICI Dmat. The point here is to use savings bank advantage.

@Vikas Lohia

these type of savings accounts are usually called as multiplier accounts and widely available in all banks (i can confirm for yes, indusind and icici) . Where there is a minimum savings balance to be maintained (in my case 25k), if my savings balance crosses a certain amount (in my case 50k), then all amount over and above the minimum balance automatically gets converted to FD of one year with "sweep in" facility (so my if my savings balance goes to 51k, 26 k is automatically converted to FD).
Sweep in is a yes bank term - other banks may have same o different terms. Basically, the if you withdraw below your minimum balance, the FD amount will be transferred to your savings account at end of night (Do take note, FD interest will change for the balance converted as it did not complete 365 days and the interest applied may be corresponding to days it was in FD - for ex, if you withdraw after 6 month, the 6 month rate will apply to the amount withdrawn and balance fd will still have the full one year rate appled)

I tried checking it in yes bank but it does not show up now and says contact branch for variants of savings account. In Indusind site, you can see 2 such mutiplier accounts

https://www.indusind.com/in/en/personal/accounts/saving-account/indus-multiplier-max.html

I use Bandhan Bank for HNI applications. Bandhan Bank gives 6% interest in Savings account and I can use the funds freely for IPOs and earn interest also.
Only one drawback, Bandhan Bank is not that old so they have not yet acquired RBI approval for Trading Account and ASBA feature so I have to submit physical application each time before 1pm.
Basically I have to trust my guts and apply based on what my heart says....Unlike most people I can''t look at HNI figures during late hours and apply instantly.