Just like people use debit cards these days, credit cards are also used inside the same manner. You get many blessings thru credit, which aren't available via UPI or debit card charge.
In this sort of state of affairs, a question comes to thoughts for the people whether or not a credit score card may be used for making an investment in IPO or other investments. In case you additionally have this question to your thoughts, then allow's recognise the answer to it.
What may be used?
According to RBI rules, you cannot use a credit score card for any savings or investment. Whether or not it's miles a safe scheme like FD or a unstable investment like shopping for an IPO and inventory. You cannot use a credit card in any manner inside the funding platform.
However, you may shop with a credit card. You can even use a credit card for UPI payment.
Maintain in thoughts while buying an IPO
Via an IPO, you purchase stocks of the company. You buy it no longer from the secondary market however directly from the organization underneath the number one market. It's miles vital to be aware of many stuff while shopping for an IPO. Those encompass price band, lot length, and minimum funding. Apart from this, you should also take a look at the predicted GMP. However, GMP constantly continues converting, hold analyzing Jagran business for updates associated with IPO and GMP.
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