Can I apply for SBI Cards IPO under the shareholder and NII category?

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Are you a day trader?

No, you cannot apply in Shareholders and NII categories using the same name. If you do so, both of your applications will be rejected.

If you planning to apply in multiple categories, you have to choose the RII category with the following limits:

  • Retail Individual Investor (RII) - Up to Rs 2 Lakhs
  • Shareholders Category - Up to Rs 2 Lakhs

Note: There is no such limit if you are applying only in the shareholder's category.


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