IPO
List of Banks on UPI
S. No. UPI Apps live on IPO Handle 1 BHIM Baroda Pay (only Android) @BARODAMPAY 2 BHIM RBL Pay (Android & iOS) @rbl 3 BHIM PayWiz ( Android ) @idbi 4 BHIM (android & iOS) @upi 5 BHIM AUPay (Android & iOS) @aubank 6 BHIM Axis Pay (only android) ...
General Queries
Up to what limit can I apply for a public issue in UPI? The limit for IPO application is 2 Lakhs per transaction on UPI Are second / third / joint account holders in a bank account restrained from using the same account for payment in public ...
What is UPI?
Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any ...
What if my bank is not providing UPI service for public issues? Can I use third party UPI ID or a third party bank account for making payment?
In case your bank is not providing UPI services for public issues, you may make use of your bank account for blocking of funds and depending upon the Phase (I, II or III) in which the application is being made, submit the application with the ...
Will the existing non-UPI channels for making application in public issues will be available for retail investors after introduction of UPI?
Yes. In Phase I, all existing channels will be available for retail investors. From Phase II onwards, the option of submitting non-UPI application with intermediaries would be discontinued. Phase II onwards, investors submitting application forms ...
Can I use any UPI App to bid for IPO’s?
The list of apps live on IPO is updated on BhimUPI website.
How do I select UPI as the payment option while applying for IPO?
The application form for an IPO, now also includes a field for entering your UPI ID as a payment mechanism. Further, you can get in touch with any of the Intermediary who shall be able to guide you on the process in detail. The existing UPI ID can be ...
New Process for applying in IPO
You may apply for IPO via all the UPI Payments App like GPay, Paytm, etc and can download them from the Google Playstore & Apple Store. Process on using "UPI as a payment option" UPI as part of the bidding The investor will fill in the bid details ...