Can I use one UPI ID to apply IPO for all of my family members?

No, only one IPO application in an IPO is permitted per UPI ID. In case if UPI as a payment option for IPO, the name in IPO application, Demat Account and Bank account should be same.

Can I apply IPO from any bank account?

If you have a bank account in any of these banks, yes, you could apply in an IPO in the name of a family member or friend’s name as long as they have their demat account and PAN number. It is the only way to apply in an IPO online in the name of Minor and HUF. Other banks like ICICI, HDFC, etc.

Can I apply for IPO from any bank account?

You can apply in up to 5 IPO applications using one bank account with these banks. If you have a bank account in any of these banks, yes, you could apply in an IPO in the name of a family member or friend’s name as long as they have their demat account and PAN number.

Can I apply IPO with current account?

The investor can: be from any of the approved categories eligible to apply for IPO, as per SEBI Guidelines. have a Demat account with any Depository Participants (DPs) along with a valid Permanent Account Number (PAN) maintain a Savings Bank or Current account with SBI (excluding overdraft or loan account)

Can I apply in IPO on behalf of a family member?

Banks like SBI, Asix, and RBL offer the 3rd Party IPO application. You can apply in up to 5 IPO applications using one bank account with these banks. If you have a bank account in any of these banks, yes, you could apply in an IPO in the name of a family member or friend’s name as long as they have their demat account and PAN number.

Can I apply for an IPO from a different Demat account?

No Sir, you cannot do that as the IPO is allotted on the basis of Pan number regardless of the demat account you have applied from. Even if you do so, only one application will be accepted by the concerned company. The second application made will be rejected (generally) and the amount will be reflected back to your demat account.

Can I apply for multiple IPO through the same Pan number?

It’s a rule and if you apply in an IPO through multiple applications with the same name or same demat account or same PAN Number, all of your applications will be rejected. If you would like to place an order for multiple applications, it works if you apply one each of your family member’s names.

Does it matter which bank account I use to apply IPO?

In this case, the bank account, demat, and PAN number should belong to the same person. The allotment is done based on a unique PAN Number. Only 1 IPO application is eligible per PAN number. It does not matter which bank account you use when applying in an IPO through ASBA as a payment method.