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?

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Are you a day trader?

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

answered


1 Comments

priyanka
1. priyanka  Feb 8, 2011 23:55 I Like It. | Report Abuse Reply 0
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...








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