Can SCSB transfer the blocked application money to a separate account instead of blocking the money in the same account?
Help & info
Can SCSB transfer the blocked application money to a separate account instead of blocking the money in the same account?
Yes, a SCSB can do it if it serves the purpose of blocking till allotment is finalized and interest, if any, is earned by investor till the amount is transferred to the issuer account.
