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Q. When will my OFS bid funds be deducted?
If your OFS bid is accepted and you are allotted shares, your account will be debited at the end of the trading day for the appropriate amount.
In the next T+2 days, shares will be credited.
In the event of an oversubscription, shares will be distributed on a pro-rata basis.
You can also use the Margin in your account to place a bid.
However, when making the bid, make sure you have enough Margin.
To determine your Margin, go to the Fund section of the Moneysukh app.