@vishal_susheel few banks are revoking the mandate first and then debit the amount. In this case the revoked message may be delivered later than debit message
@Shubham46263124@ipo_agarwal just go and google it bro, you will get the answer. Don't comment without knowing. So many people are using the facility especially for SME IPOs.
An Important update for IPO Participants who also cares for interest along with IPO RETURNS
I keep getting so many queries on it, So writing in detail. REPOST for maximum awareness
Most of the IPO Applicants keep their money in savings A/c for applying in IPOs
But it cost them opportunity loss as if they have made an FD then would have earned better than savings A/c
Here is the SOLUTION for it & it’s called Linked FD or SWEEP-IN facility, let’s see how it works
When you instruct a bank for SWEEP-IN FD, You earn almost similar interest as normal FD
Best part is that with this facility, You can apply IPO while your money is still in the linked FD
Even during the process of blocking you keep getting the same interest as normal days
Amount gets deducted only when you get the allotment else just enjoy the benefit of FD
Many banks are heard to be providing this facility
Private Banks : HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank & Yes Bank
PSU Banks : SBI, BOB, PNB, BOI & Indian Bank
Note - Name of banks has been provided based on feedback from various investors & online analysis
Availability of this facility need to be confirmed with the bank, IF ANY QUERY FEEL FREE TO ASK
@RamTeluguTrader@vini546 Total IPOs Applied: Around 110+
Allotment got: 30 (61 lots in total)
🎉 First Ever Allotment: Archean Chemicals
⏳ Most Recent Allotment: OnEMI Technology
💸 Purely for Listing Gains: YES
💎 Holding for Long Term : Rarely
Out of the above one IPO booked loss
@Murthy78934@MFIndiaGyan meeru same bank lo ne fixed to floating interest ki marchukovachu. mundu close chesinanduku 2 to 4% charges vundochu. mee bank lo enquiry cheyyandi