IPO application - ASBA

HDFC bank provides online facility to its customers to apply an IPO through ASBA mode.
All you need to have to avail this favcility is an HDFC bank account with
 internet banking password. You need not have a demat account with HDFC to do this. ( But you need to have a Demat account atleast any where else)

With this applying for an IPO got simpler and better.

You can

1. Seamlessly apply for an IPO online
2. You can have your money in your account earning SB interest till the day you are allotted shares.
3. You are free from hassles of waiting for refund .

How to do this

Hope many other banks will catch up soon. Not sure which other banks provide this facility now.
I think this facility is really cool!.

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