IPO Application through ASBA

[himanshubansal93]

Can we apply for an IPO using an OD (Overdraft) facility against Fixed Deposits, or does it have to be through regular savings/current account funds only? Has anyone tried this ? Does it work?

 

[Devine Soul]

Can we apply for an IPO using an OD (Overdraft) facility against Fixed Deposits, or does it have to be through regular savings/current account funds only? Has anyone tried this ? Does it work?

Yes you can do, but it is not a good idea to do that. You should use your spare funds for such investments.