Traders! Suggest bank account for HUF

Personal finance
1

Hey fellow traders, is there a private bank account which allows online ASBA facility or UPI for IPO applications in HUF name?

Online ASBA is preferred.

2

Spoke with AU bank yesterday and they told they are the fewest banks providing online asba for huf bank accounts. Do check with them

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3

Thanks, I will contact with my AU bank RM.

One thing to have caution though. HDFC also provide online ASBA for HUF accounts but shows karta’s PAN (and not HUF PAN) so in reality, one cannot use that account to apply for ipo applications online.

I also read on one forum that ICICI bank provides online ASBA for HUF and shows HUF PAN too. Got it confirmed from their twitter support as well.

4

@gowtham4 please do share if you open an HUF account with any bank

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5

Kotak & RBL bank supports ASBA for HUF account. but I am facing issues to move my funds out of Kotak bank via online mode.

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6

Also check this Canara bank page: ASBA | Canara Bank

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7

Thanks. I am told BOI, HDFC and Equitas Small Finance Bank provide online ASBA for HUF savings accounts.

I will be talking to HDFC & Equitas tomorrow. Will post an update as soon as I can.