InvestorQ : How will I get my refund in an issue in case I am not allotted full shares applied for?
NISHA Nayak made post

How will I get my refund in an issue in case I am not allotted full shares applied for?

Answer
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Priyanka N answered.
2 years ago


You can get refunds in an issue through various modes viz. registered/ordinary post,

Direct Credit, RTGS (Real Time Gross Settlement), ECS (Electronic Clearing Service) and NEFT (National Electronic Funds Transfer). As stated above, if you are residing in one of the specific centres as specified by Reserve Bank of India, then you will get refunds through ECS only except where you are otherwise disclosed eligible under Direct Credit and RTGS. If you are residing at any other centre, then you will continue to get refunds through registered / ordinary post. You are therefore advised to read the instructions given in the prospectus / abridged prospectus / application form about centres.