@Naman_Bader with which bank do you have your HUF savings account? Does it provide online ASBA facility for ipo applications (in HUF name)?
For equity delivery, is there any brokerage charges by Zerodha (HUF trading account)?
I have my HUF savings account with SBI. Yes, SBI does provide ASBA facility to HUF.
Zerodha charges for HUF arenât different except i have to use net banking for which there are small charges since i donât have UPI ID for HUF account.(looking to create one)
1 Like
@Naman_Bader just want to confirm whether the facility is available in HUF account netbanking? Offline, every bank provides ASBA but have to visit branch.
Yes SBI gives online ASBA to HUF vis their YONO Business website(works flawlessly well tbh). Only thing is for shareholders quota application i have to visit branch for HUF. Else everything is online and works well.
1 Like
Dear Sir, i have faced many problems with icici bank HUF a/c Bcoz my mobile number is registered with personal a/c. bank told me you canât register same number to HUF a/c. Currently i can only access HUF net banking but I canât do any transaction, canât use ATM, No sms, otp i receive for HUF. Branch manager told me to link both accounts. but he wasnât himself sure if HUF a/c can be linked to Individual a/c.
Do you use net banking for personal & HUF a/c??
Is username & password for both personal & HUF same??
Currently my family member have access to HUF account net banking, if I link both accounts, they will get access to my individual a/c alsoâŚhence i would like to know if both accounts having seperate log in id, password??
is there any way i can map both accounts on same number like you did, & keep App/Net banking access seperate for both accounts??
Also another query, you mentioned you have UPI for HUF with same number⌠Did you already have UPI for personal id too?? can we create personal & HUF UPI id with same mobile number??
Yes, I have both ICICI Bank personal savings and HUF savings account linked with the same phone number, and visible in the same app as two different accounts.
Also, I have UPI activated for both of the accounts and it works seamlessly (using ICICI app, havenât tried using Gpay)
The issue is, that HUF is a lesser known thing, and as you know, most bank associates have limited knowledge and may not be aware of the nitty gritty. After my HUF account got created, I had to fill a special form for âlinkingâ of my HUF account with my primary account.
In fact both my accounts are in different ICICI bank branches. So, I can suggest to contact a bigger ICICI branch and see if they can open a HUF account for you as per your needs.
Hi,
Thanks, for the informative post on HUF
As expected, my RM in ICICI seems unaware of the Linking of the HUF account with the same customer ID. I already have an SB account with them and was thinking of opening a HUF based on the facility they might provide with HUF
I have told him multiple times and even today showed your post about it. At last, he asked if I could share the HUF account No. of the person having such benefits, he might be able to get the same for me 
Maybe I have to try with the other banks now
Is there any other bank which can provide the UPI for HUF?
Equitas small finance bank does that. First hand experience. I applied using it for an ipo and got allotment also.
Thanks for the reply. Is it your primary account for Mutual Fund and stocks trading with HUF ?
However, wouldnât Equitas being a small finance bank create any problem for the customer as per regulations or restrictions by SEBI or RBI?
Also, do we need to open a regular savings account with them first to access the Non-Individal HUF account?
I have HUF accounts with kotak and indusind. Both of them provide UPI.
- Yes, itâs my primary as well as the only account for my HUF entity.
- No problem at all. Can you point to any specific regulations?
- After you create your HUF PAN card, you have to open a savings account in HUFâs name. Only after that you can open a demat/trading account.
Indusind does it provide UPI without debit card
For HUF upi, you need to have debit card to activate UPI as your HUF account wonât have any aadhar linked to it for setting upi pin via aadhar method
1 Like
Dear sir, is it possible to link both the bank account (Personal saving account & Huf saving account) and see at one place in sbi yono app âŚ