Hello bro i have one question if you apply for 74 lots do you keep the money in same account for every ipo or transfer the money in different accounts when other ipo comes.Incase you transfer the money in different acconts as per ipo doesn't it gets reported in SFT .
@Smitbhai@RPM To those ppl putting application of 70L-1cr type. (And even I was looking at BOA and there were applications in some IPOs worth Rs 25 crores+)
Do people keep that much money in savings account or through IPO funding or any other means?
@anubhavg I have accounts in kotak and rbl bank. Kotak bank for retail application and rbl for hni application. I keep money in saving in rbl bank as it gives upto 7.5% in saving account same as FD in PSU. Although it is slab vise but I should be getting around 6.5% in savings. So for 1% I dont make FD.
3.12. KGSKIPO| Link| Bookmark|
July 25, 2024 4:36:09 PM
Top Contributor (400+ Posts, 100+ Likes)
@RPM Do you not have any fear in keeping large amount of money in private banks. I am keeping is SBI for safety but losing lot of interest money. Big dilemma.
@KGSKIPO Rbi and govt wont allow any deposite loss even in Pvt banks.. Cooperative banks may be risky. And if u fear to keep money in Pvt bank then is it ok for u to invest in sme Ipo?
@KGSKIPO Most of the Pvt banks are safe and have CRISIL ratings AAA. These days most dont worry about bank going down, rather safety from hackers and scammers. My personal opinion: Better to have a different bank account just for day to day UPI and any online transaction. And do limited transaction in the main accounts which has the bulk amount and apply via ASBA for IPO's with linkedin FD's.
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July 16, 2024 5:59:49 PM
IPO Guru (1800+ Posts, 1000+ Likes)
@VVIIPP Today almost decided that allena is my last application from SME, here too much rush better to concentrate on mainboards and primary. Then you came, hence requesting only one.