IPO SUBSCRIPTION with fundss

[bitte97]

Hi
Is IPO SUBSCRIPTION possible with the funds in my account or it has to be only with UPI transfers only.
Thanks
Girimon

[ShubhS9]

@bitte97

Is IPO SUBSCRIPTION possible with the funds in my account or it has to be only with UPI transfers only

Not possible with funds in your trading account, you can apply either via UPI or Netbanking ASBA, for that you will need funds in your bank account.

[pankushri]

Do i need to give registered bank account as upi transaction? or anything is fine?

@ShubhS9

[ShubhS9]

@pankushri

Do i need to give registered bank account as upi transaction? or anything is fine?

You can apply from any Bank account, As long as the bank account holder’s name and the Demat account details match. There wouldn’t be any issue

[_chabaria]

the name should be matched in the same order hierarchy in both the accounts i.e. first name ; middle name ; surname ?

[ShubhS9]

@_chabaria

the name should be matched in the same order hierarchy in both the accounts i.e. first name ; middle name ; surname ?

As per SEBIs requirements, the RTAs are checking just the PAN of the first holder in both cases. So, if you’re the first holder and have the same pan in both places, the application should go through.

[siva]

@Gautam

Is there any chance that IPO subscription would be enabled with funds lying with Zerodha account?

Not allowed for now.

[siva]

@Gautam

What I meant was the future? Is it in the To Do List or no at all?

I believe current rules won’t allow that, not us.