IPO apply through ASBA online- HDFC BANK
The IPO season is the season of money, you get a chance to earn profit in a short period and sometimes it can also bring red colour to your portfolio but it is very uncommon. There are 2 ways where you can apply for an IPO: UPI and ASBA . Today I'll be sharing the process of the ASBA route via HDFC net banking. Now you might be wondering why to go for the ASBA route when you can easily apply from UPI, so there are a few issues with the UPI method like delay in mandates , funds blocking issue and the main problem arises on the refund date. In case you haven't received the IPO allotment then the unblocking of funds take time in the UPI method, you have to wait till the mandate end date and sometimes you have to wait even after the mandate end date hence I don't encourage applying from the UPI method. Let's get into our ASBA process via HDFC's net banking: 1. Login to net banking - First you need to login to HDFC's net banking portal. You ...