Which banks support IPO - ASBA for minor demat?

IPOs
82

@gowtham4 I have some questions, Kindly answer.

  1. My 6 year old son and me both have same mobile number in aadhar. Will that be a problem during opening A/C in AU ? Or my son have to hold separate mobile number in aadhar ? What is in your case ?
  2. Which account should I open in AU to get minor ABSA feature ? I saw current account is needed for corporate Net Banking. Can I get the same facility through AU savings account ?
83

Same here. Both have same aadhaar linked mobile number. That wont be an issue in opening bank account.

I also have savings accounts only in Au bank. They were able to get me corporate net banking facility.

84

Which bank provide ASBA facility for minor saving account with sweep in fd can use to apply ipo? my Twins Kids age is 6.

85

@gowtham4 Can we create corporate baking even though we don’t have any business. It is just for IPO application ?

86

Yes, I dont have any business account with this bank

87

@gowtham4 could you please help , how did you setup AU corporate bank.
What type of AU corporate account ?
How to add saving accounts to this corporate account ?
Can all this be done online ?

88

You need to check with your AU bank RM, this is a one time paperwork where all the individual account holders need to sign in a common stamp paper for authorisation.
once done, corporate banking user id is given where all the accounts can be handled (including applying for IPO) by the master user online thereonwards.

I have shared screenshots earlier in this thread.

I spend max 5 mins to apply for IPO in 6 different PAN with just one login.