Which banks support IPO - ASBA for minor demat?

[gowtham4]

@Mukesh_Pokhriyal

• Can I open only my kids’ minor accounts at AU Small Finance Bank, or do I need to open my own account as well?
• I have seen that when applying for an IPO on behalf of a minor from AU Bank, the parent’s PAN card auto-fills and is not editable, as shown in the image shared by vverma. If I need to apply for the same IPO from both my PAN and my minor kids’ PAN, can you please advise on the process?

Checked again with my AU Bank RM

1. You need to have a bank acc in AU for guardian first and with that can open zero balance bank accounts for minors. They have 25k, 1L, 25L balance variants, do check on the features to suit your needs.
2. After opening minor bank accounts (minor pan is not asked) , need to manually update the minor pan for respective minor bank acc, with that when applying for minor ipo, minor pan only will populate. Seems to be a technical issue as we need to do once manually after minor bank acc is opened. Attached screenshot below to confirm the correct dp, pan are mapped to minor bank acc

I am not sure of other banks, @nithin_kumrr is trying to collect info of other banks giving this option. AU bank is worth try if you dont have any alternate options