26. BLUE WHALE| Link| Bookmark|
September 21, 2023 8:29:29 PM
Top Contributor (400+ Posts, 100+ Likes)
An exclusive GIFT for all CG member from ME : -
I did a big fight / negotiation with AU SMALL FINANCE BANK since last year Aug'22 to start ASBA facility by blocking SWEEP IN FIXED DEPOSIT than keeping funds at lower interest rate in SAVING A/C.
After chasing them very hard and giving them BIG PRESSURE to start they finally started this service from TODAY.
Now everyone can enjoy this facility by earning a good interest on Fixed Deposit (Sweep in) from AU SMALL FINANCE BANK.
Now I am also fighting with IDFC FIRST BANK too and let see, how they gonna do it in coming future.
How to sweep in fixed dep will be helpful without breaking the FD? in case if allotted then FD will be broken partially and loose the interest for that amount correct? further we need to pay penalty ?
26.3. BLUE WHALE| Link| Bookmark|
September 22, 2023 1:14:59 PM
Top Contributor (400+ Posts, 100+ Likes)
If u get allotment, you gain more and loose less. However just by keeping money in saving a/c gets you only 4% ~5%, so if you get allotment before 1 year, you will get same interest rate as saving a/c and after 1 year, you will get nearly 6.5% if penal interest is 1%
You can request bank to WAVE penal interest and they do this favor, if you get approval in advance. I got this approval already. *IndusInd and YES bank does the same.
Further better, keep 1 lot allotment money in Saving a/c and (1.5lakh) and balance keep in SWEEP IN FD, so if you get allotment, your saving account will be debited but your FD will remain intact.
Pros High on weed (green). Nice choice of name, easy for green fund. GMP also green. Subscription will also be green. Sun rise industry for the products on sunset of its life cycle.
Cons If the market goes dark red
Seems to be fair RR
19. G profit| Link| Bookmark|
September 21, 2023 4:30:50 AM
IPO Mentor (1000+ Posts, 200+ Likes)
Good company with great prospects. Apply with FF. Anchor investor list includes reputed FII Morgan Stanley.
18. Krishna T| Link| Bookmark|
September 21, 2023 12:21:58 AM
IPO Guru (1600+ Posts, 900+ Likes)
Didn't know that there is so much profit in tyre burning business that within a two years profit can 100× from 9 lacs to 10 crore !! I mean, where to even begin? Speechless... but imagine even with such good growth and profit one needs to raise funds! It means what??