Can I bid for IPO from funds available on Zerodha Kite?

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Are you a day trader?

No, you cannot use the funds in Zerodha Trading Account to apply in an IPO. Zerodha uses UPI as a payment option for online IPO applications. The UPI is a unique ID for your bank account. When applying in an IPO with UPI ID, the funds are locked in your bank account.

 

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