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Does HDFC bank ASBA accept Third party IPO applications?

HDFC being a member of Self-Certified Syndicate Bank (SCSB) allow its customers to apply for IPO using HDFC Bank’s ASBA facility. To subscribe to any IPO, a customer in HDFC Bank must have a Demat account.

Now, the question is does HDFC accept third-party IPO apply orders then the answer is “No”, the bank only offers one IPO application order per bank account. It means customers cannot place more than an IPO order using their friends' and family members' Demat account details.

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