Just like people use debit cards today, credit cards are also used in the same way. You get many benefits through credit, which are not available through UPI or debit card payment. In such a situation, a question comes to mind for the people whether a credit card can be used for investing in IPO or other investments. If you also have this question in your mind, then let's know the answer to it.
What can be used?
According to RBI rules, you cannot use a credit card for any savings or investment. Whether it is a safe scheme like FD or a risky investment like buying an IPO and stock. You cannot use a credit card in any way in the investment platform.
However, you can shop with a credit card. You can even use a credit card for UPI payment.
Keep in mind while buying an IPO
Through an IPO, you buy shares of the company. You buy it not from the secondary market but directly from the company under the primary market. It is important to pay attention to many things while buying an IPO. These include price band, lot size, and minimum investment. Apart from this, you should also check the estimated GMP. However, GMP always keeps changing, keep reading Jagran Business for updates related to IPO and GMP.
Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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