What do I do if an error message “insufficient funds” is displayed while applying for an IPO?
Ans: Investment in IPO, Mutual Funds and F&O requires Free Cash Balance in the Buying Power. The Buying Power is the summation of the Free Cash Balance and the Projected Inflows on account of the securities sold in previous two trading days. You are allowed to invest in F&O, IPO and MF only to the extent of Free Cash/Withdrawal Balance in your Buying Power. You need to increase your Buying Power by transferring funds from your savings account to your trading account online from the Banking Center.
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