Tuesday, 08 September 2026
USD/INR 94.54EUR/INR 109.9
India News from India · WORLD EUROS
Nº 59 Tuesday, 08 September 2026
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Slice Savings Account Offers 5.25% Interest on Blocked IPO Money: Here’s How It Works

Slice Savings Account Offers 5.25% Interest on Blocked IPO Money: Here’s How It Works
Sources: Trade Brains

When you apply for an IPO, the required amount is blocked in your bank account until the allotment process is completed. During this period, the money cannot be freely used. But what if your blocked IPO money could continue earning interest? Slice Savings Account offers this benefit through its IPO-ASBA facility. With a current 5.25% p.a. interest rate, Slice states that the blocked IPO amount rem

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