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IPO FAQs » IPO Payment » Post Comments

<< Back to IPO FAQs - IPO Payment

If I made application through 'Self Certified Syndicate Bank', then my money will be blocked but it is in my saving account, will I get interest for that period?

Sorry no answer found for this question.

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Date Last Updated: 8/8/2008 1:29:38 PM

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User Comments

17.  Ravi      Oct 9, 2012 1:35:25 PM IST
YEs, investor will continue to earn money on the funds blocked under ASBA 

16.  Manoj Choudhary      Sep 24, 2011 11:29:10 AM IST
yes definitly you will get saving bank intrest on the blocked amoun. 

15.  priyanka      Feb 8, 2011 11:55:06 PM IST
in case, your application is rejected or you have not been alloted the shares...then ur blocked amount wil be unblocked and you will earn the interest for that time period...but if u have been alloted shares and the money will now be transferred to the company from your account...then u will not be getting any interst on that amount... 

14.  Manoj      Oct 20, 2010 1:58:44 PM IST
Yes, you will get the interest amount on blocked amount. 

13.  Mukesh      Aug 27, 2010 1:42:54 PM IST
Yes, definitely one will earn interest on blocked amount. 

12.  SATISH BHAT      Mar 25, 2010 1:19:43 PM IST
Definitely yes. You will earn interest.  

11.  gem ipo finder      Feb 15, 2010 6:39:10 PM IST
yes, offcourse you will get the interest on it as well as if you have in savings a/c in a bank where avg. balance is reqd. to be maintained then you can also enjoy that balance maintainance, in ASBA considering these benefits it has been introduced 

10.  naga      Nov 22, 2009 10:51:24 AM IST
I dont think you will get interest on the blocked amount.  

9.  Dr. raviteja      Aug 26, 2009 5:39:58 PM IST
yes u will surely get the interest 

8.  amarjit pahwa      Aug 11, 2009 9:55:37 PM IST
yes,the interest will be paid as applicable to the account through which ipo has been applied. 

7.  Nita Bhatia      Jul 6, 2009 5:34:57 PM IST
Yes, You will get 3% bank interedt on that amount 

6.  RUPAL SAXENA      Dec 28, 2008 12:10:51 PM IST
YES OFCOURSE.
ONE WILL DEFINATELY GET INTEREST FOR THE BLOCKED AMOUNT IN THE ASBA AS PER SEBI GUIDELINES FOR IPO 

5.  PRASANNA K      Sep 29, 2008 10:45:52 AM IST
Yes, as per RBI guidelines, the interest will be paid by the banks on the amount blocked in Savings a/c for IPO/Rights issue.  

4.  smartypants      Sep 7, 2008 10:37:46 AM IST
to draw a parallel.

investors normally do not get interest on the ipo refund. why should a bank give interest

banks will be interested in this system only if they have to gain i.e their free float increases

 

3.  k.s.bhat      Sep 2, 2008 11:46:47 AM IST
YES
tou will get the interest on your money blocked in S.B.account with SCSB bank, as there is only a lien against the money blocked 

2.  smart investor      Aug 29, 2008 8:29:44 PM IST
yes you wil get the interest of the amount locked in saving a/c for applying ipo  

1.  goodbrother      Aug 9, 2008 8:52:48 PM IST
YES

you will get the intrest on your money which is locked in savings bank a/c with SCSB bank for IPO application 

 

 

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