Alert:
- Banks in India no more offer the 3rd Party ASBA IPO application starting from 1st May 2022. The PAN number of the primary account holder in the Bank Account and Demat Account should be the same for valid IPO applications going forward.
- HDFC Net Banking now allows Minor, HUF, and Company accounts to apply for IPO shares online.
- For other banks who doesn't offer online IPO applications to Minor, HUF, and Company accounts, you have to submit the Paper IPO Application forms by visiting the bank branch.
- The UPI limit for IPO applications increased to Rs 5 lakhs per transaction.
3rd Party IPO Application facility allows customers to make up to five IPO applications using one bank account.
Banks offering 3rd party IPO application
- State Bank of India (SBI)
- Axis Bank
- Bank of Baroda
- RBL Bank
- IndusInd Bank
