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Hi Experts/Admin,

I have questions related to Share holders category applications, please answer.

1) Interesting! Applying 2 lacs each in shareholders category and Retail category (Total 4 lacs)? Does this not cross the limit of 2lakhs and make it a NII application?

2) Can both Share holders and Retail category applications both applied for same Demat account? Do you think it should be a different Demat account to avoid rejections?

3) When applying retail quota, I used to apply all my family 5 applications from my single SBI bank account. In case of Share holders application, Is this okay to do the same for shareholders quota also?
or for share holder category is there any restriction to apply from linked bank account only?

4) Lets say all my family members hold a SBI shares, it will become 10 applications (5 retail + 5 shareholders) from same bank account. Is that possible?

Regards,
Chintu

Answer for Q no 4 . total 5 applications will be allowed from one SBI account retail and shareholder togather it should be 5 only not 10.