can we apply in IPO using Fixed Deposit without break it ??
heard from peoples ICICI giving this facility & through ICICI Bank Multiplier FD we can apply ipo
Anyone personally applied apply using FD ? do we get full year interest ???
Thanks
Finance
Stock Markets
LAD (loan against deposit) or Fd overdraft it is said.
Yes you can take it around 90-95% of your fd principle amount.
Then invest in IPO.
Interest rate is 1% above the contracted rate of Fd.
Best part is, interest will be charged for period you take LAD/OD. Which will be nominal compared to what you will get for FD without breaking it.
That feature is not good. Better put FD in chunks and break how much you need
It's mostly likely sweep fd account.
All banks provide sweep fd accounts.
For example, kotak has this feature called active money, if you have funds more than 25k. Like 30k,
25k will remain in the savings account, rest 5k will earn fd interest of 7%.
So if activate this feature in your account you can technically invest in ipo and still get fd interest since the money is not leaving the account.
Yes we can invest via any bank who gives facility of flexi fixed deposit. Almost all major banks gives such facility, only IDFC there is a problem
Practically aapne kisi bank me fd se application lagayi h ? Ipo ki
Go through this thread https://www.google.com/url?sa=t&source=web&...
Another alternative is parking lump sum amount in bandhan bank account and apply for ipos, greater than 1L balance part fetches 6 to 7 percent, excellent liquidity, zero complications...
RBL bank is also a good option.
Upto 1 lakh Interest rate: RBL -4.25%, Bandhan-3%
1-10 Lakh: RBL- 5.5%, Bandhan- 6%
If you want to park <3lakh then RBL is good and for >3 lakh Bandhan Bank is good, so one can choose accordingly
and majority of us have RBL bank a/c because of signature+ card
Check with indusind bank, have heard they have it
in case of icici multiplier lets say i have a sip on icici account of 15k then in that case will the extra 5k get pulled from the multiplier ?
IPO - WASTE OF TIME... Focus on upgrading skills n earn more ...
DD - Waste of time....
Focus on upgrading skills n earn more ... Don't waste your time here.
I don't know why people say unskill and earn more to random people they don't know.
If you know this particular persons domain and if this person asked your advice, then yes, by all means advice them to upskill.
But most people work in dead end jobs that lead nowhere. They can't afford or be allowed to switch based on their situation. Not everyone can drop everything and go.
So, please don't tell someone to upskill if you don't know them or their situation. Upskill is such a useful but cringey buzz word that just irritating.
Gyan baatne ka bhoot sawar...😀
Aise logo ka trading account ban kar dena chahiye Sebi ko jo muft me stock recomend karte rahte hai.
Height of show off..🙄😒
Go through this thread https://www.google.com/url?sa=t&source=web&...
IPO - WASTE OF TIME... Focus on upgrading skills n earn more ...
DD - Waste of time....
Focus on upgrading skills n earn more ... Don't waste your time here.