How do I select UPI as the payment option while applying for IPO?

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 used, provided that:

  1. 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;
https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=40
  1. 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.


    • Related Articles

    • 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 are the payment options available to buy Sensibull?

      The payment options available to buy Sensibull are: UPI- PhonePe UPI- PayTM Cards- Visa, MasterCard, Rupay & More UPI- Google Pay, PhonePe & More Net Banking- All Indian Banks Wallet- PhonePe & More EMI- HDFC Bank Cardless EMI, Home Credit Ujjwal ...
    • 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 ...
    • 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 ...
    • 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) ...