How do you withdraw or delete an IPO application?
Here are the steps to withdraw or delete an IPO application using the 5paisa Mobile App:
· Go to the IPO Tab: Open the 5paisa mobile app and navigate to the IPO tab.
· Select Past Bids Tab: Find and select the "Past Bids" tab within the IPO tab. This section contains information about your previous IPO bids.
· Choose IPO to Withdraw/Delete: From the list of past bids, locate the IPO for which you want to withdraw or delete the application.
· Click on the IPO: Tap on the IPO for which you want to withdraw or delete the application.
· Click on Cancel: Look for an option to cancel the IPO application and click on it.
· Provide Confirmation: Follow any prompts to confirm the cancellation of the IPO application. This may involve providing additional confirmation or details.
· Release of Blocked UPI Mandate: Once the IPO is cancelled, the blocked UPI mandate will be released. However, the time it takes to unblock the mandate may vary depending on the bank.
· Interest Accrual: Since the funds are only temporarily blocked and remain in the bank account, interest will continue to accrue as usual.
Following these steps, you can withdraw or delete an IPO application using the 5paisa Mobile App.
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