Essen Speciality Films Limited IPO Message Board (Page 12)

With 1.5lac amount, you will have less than 1% allotment chances in good IPOs. I would not suggest to break FD for SME ipos. you should wait for good opportunity to invest that amount in secondary market.
Second option is to shift FD to another bank(kotak,indusind etc), where you can create account linked FD. In such case you will continue earning FD interest and use same amount for IPO application. Account linked FD will break only if you get allotment.

@Nikk, No you can't apply for an ipo in SBI without breakig FD. ICICI bank allows that..
Offcourse the FD breaks if you get allotment!!

@Vimal Garodia. Which kind of FD i will have to do in icici ..means will it automatically creat lien in simple fd

@Tarun Dhingra. It is a flexi FD called Money Multiplier in ICICI bank..It works in Money Multiplier FD ( I do not know if it works in simple FD) I have been doing it since last month..

You can convert your SB account into MOD account and keep this amount in that account. You will be earning interest rate of FD and can also utilise the amount for applying through ASBA. Whenever your deposit exceeds a set limit, for eg. if you select 25000, whenever your balance exceeds 25000, this 25000 will be converted into MOD and whenever you make payment, the amount will be debited automatically.

I haven't tried but this should work in SBI. Please enquire with your RM

"SBI Multi Option Deposit Scheme (MODS) are Term Deposits linked to the Savings or Current Account (individual). Unlike normal Term Deposits which are fully liquidated anytime you need funds; you can withdraw from a MODS account in multiples of 1000 as per your fund need. The balance amount in your MODS account will continue to earn the Term Deposit rates applicable at time of initial deposit."

With all due respect @ipo share. This does not work even in MOD accounts of SBI. The FD breaks immediately for blocking of money I have tried it..

You can open online Overdraft Account (OD) account against that FD. This will allow you to get 90% of the initially deposited FD amount (not the matured amount). OD account will charge 1% more than what you are earning in the FD.

@MVP @lokes @PLAZA @Noorul @ssingh @abcxyz @Monster Zero @Tejas Pandya
@Hope is life @Sinewave
Which is the best bank for savings account interest if we are looking fordeposits in the range of 10lakh+ or is it better to open fd in indusind /ICICI which provides option to apply in ipo without breaking the fd.. I am using yesbank savings account which provides 6% interest in savings bank account on 10lakh+ deposit but looking for 1-2% extra as money in savings accounts is huge...Please give your valuable suggestions..
Thanks

Any further update on gmp plz

Your buying price?
If is allotted than hold. From last 2 day trading volume is good.

Chaman buying prise... 46

@Kathiyawadi Welcome to Chaman lovers gang... Yesterday 4L, today 2L trading without any bulk deal. We are edge of an cyclone landing like Biparjoy. Please go through my earlier comments for upto date information. Thanks, GM

Chaman hold or sell

I'm holding. I have faith in the company and would wait atleast till the expansion completes. You should take your own call.