Can we make payment for IPO through credit card?
NEW DELHI: In a major leap towards using latest technology in financial markets, market regulator Sebi plans to allow investors to make payments for IPOs through ATM, debit and credit cards, as also via mobile banking. In ASBA system, the money remains in the applicant’s bank account till the time of share allotment.
Is UPI ID mandatory for IPO?
The Securities & Exchange Board of India (SEBI) has made it mandatory for retail investors applying through registered brokers, DPs (depository participants) and RTAs (Registrar and transfer agents) to invest in IPOs through the UPI route. This makes the entire process secure and straightforward.
Can I buy shares from credit card?
For instance, if you want to purchase units of mutual funds or shares via credit card, you cannot do so. However, in the case of NPS investments, you can use your credit card to invest. In general, experts advise against using credit cards for NPS payments if you have money in your bank account.
Can we buy IPO without demat?
Although investors can apply for IPO without a Demat account, they need a Demat account and trading account to place trades. Ideally, for IPO investment, one should be prepared with a Demat account and trading account before buying any shares, if they wish to make the most out of trading in the stock market.
Can I apply IPO from other 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.
How do I change my IPO bid in HDFC Securities?
Login to HDFC Securities website. Go to: IPO >> Order Book. Check the status of your IPO application. On the same screen you could modify or cancel your IPO Order.
How can I unblock my IPO in HDFC?
On the IPO page, click on ‘Order Book’ tab and you will be presented with the list of IPOs, you have applied in the past. Click on radio button next to the IPO you wish to cancel and then click on cancel bid. Edit the details as desired and click on ‘proceed’.
Can we apply IPO through different bank account?