I do not have a Demat account. Can I apply for an IPO?
Although there are ways such as ASBA facility of your bank that you can use to open an IPO without Demat Account. It is still advisable to have a Demat Account.
Can I apply in an IPO from my current bank account?
There is no provision for users to apply for an IPO through a current account. They would have to choose a savings account to get an IPO applciation processed further.
Can one apply an IPO from sweep in/out saving bank account?
There is no possibility of a user having a sweep in/out account linked to their IPO application. It would simply get rejected.
Is it mandatory to have a PAN Number to apply in an IPO?
Yes, it is mandatory to have a PAN number to apply for an IPO since July 2006 as per Securities and exchange board of India (SEBI).
Can I apply IPO in name of family members & friends from my saving bank account?
Yes, you can apply for an IPO application for your family and friends through your savings bank account details. However, keep in mind that only five applications can be filled with the same bank account details.
Can I apply more than one IPO application in my name from different saving bank accounts in same bank or different banks?
Only one PAN card can be used for one application. No matter how many different savings account details you might utilize, if there is the same PAN number in more than two applications, then all of them would be revoked.
How many IPO applications can I submit through online net banking from one bank account?
There are about 5 IPO applications that can submit through online net banking from one bank account. However, the number can change immensely from one bank to another.
Can I transfer shares from CDSL Demat account to NSDL Demat account?
Shares can transferred from CDSL demat account to NSDL demat account by using the Inter-Depository option as the transfer mode.
What is the difference between Demat account and trading account?
Trading Account is used for buying and selling securities while Demat Account is for holding various securities in electronic format.
Can I have two Demat accounts in India? 2 or multiple accounts
Yes, you can have multiple demat accounts with different stock brokers in India. But, what's the need to have 2 demat accounts? Just have a single demat account with a good popular broker. That's it!