Can I use any UPI App to bid for IPO’s?
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 ...
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) ...
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 ...
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 ...