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
The existing UPI ID can be used, provided that:
- The bank account associated with the UPI ID is held with a
bank whose name is appearing in the ‘List of SCSBs eligible to act as an
Issuer Bank’ available on website of SEBI;
- Alternatively, bank whose name is appearing in the SCSBs
eligible as Sponsor Banks for UPI where you may use your Bank UPI app as
well along with BHIM app.
New Process for applying in IPO
You may apply for IPO by using BHIM UPI App. Download and Install BHIM App from Google Play store or Apple App store. Process on using "UPI as a payment option" UPI as part of bidding Investor will fill in the bid details in the application form ...
UPI Autopay for Subscriptions
UPI Auto Pay Mode for Subscriptions is now available. You can now set recurring payments using “UPI auto payment mode”. At the start you need to follow a few simple steps to set up your UPI payments: Step 1: Click on Add-on Packs and select your ...
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.
What is UPI and VPA?
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 ...