Hey fellow traders, is there a private bank account which allows online ASBA facility or UPI for IPO applications in HUF name?
Online ASBA is preferred over UPI.
Bank of Baroda provides online ASBA facility , open as a HUF bank account
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I am told BOI, HDFC and Equitas Small Finance Bank provide online ASBA for HUF savings accounts.
I will be talking to HDFC & Equitas tomorrow. Will post an update as soon as I can.
Without being biased towards any bank, we see higher success rates for the top banks like ICICI, HDFC, Kotak, Axis and likes. Before building Dhan, I spent good amount of time in payments - even then this was true for PG success rates.
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I agree. Top tier banks have robust payment infrastructure.
On a side note, many people across India faced server down issues on Flipkart where HDFC payment gateway was used. I also faced login issues and debit card payment issue (both HDFC). Hope they fix it pretty soon.
Hi @PravinJ!
I’m in the process of HUF a/c opening with Dhan and hit a roadblock here as the team is asking for a unique mobile number which is different from the number linked to my personal dhan a/c.
Zerodha is allowing to open the HUF a/c with the same mobile number even if we have a personal demat a/c with them.
As you know, just to keep a secondary mobile number active we need to spend around 3000-4000 rupees per annum which is a waste of money as we customers just get no value. Request you to create a process where we can have same mobile number linked with personal as well as HUF a/c as it makes our lives easier.
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Ohh, that is unfortunate. My HUF PAN has been created. I’m in the process of getting a bank account for HUF. Post that I was planning to open an account with Dhan but now I will have to open with Zerodha.
@PravinJ please allow same mobile number for HUF accounts like Zerodha does.