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
respective SCSB or intermediary for the purpose of blocking of funds.
Investors whose bank is not live on UPI as on the date of
this Circular, may use the other alternate channels available to them viz.
submission of application form with SCSB or using the facility of linked online
trading, demat and bank account (Channel I or II at Para 5.1 of Circular dated November