I do not have bank account with SCSB's listed on SEBI website. Can I still apply in IPO's using ASBA payment option?

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Are you a day trader?

To apply in an IPO using ASBA payment method, an investor should have account with SCSB.

Even if your bank is listed as SCSB, only few of its branches may have ability to process IPO Applications with ASBA payment option. Please contact your nearest branch to check if they have this facility available.

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