FREE Account Opening + No Clearing Fees

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?


Open an Instant Account with Zerodha

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



1. priyanka   I Like It. |Report Abuse|  Link|February 8, 2011 11:55:06 PMReply
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...