The funds are unblocked after the allotment of shares. However,
certain banks will unblock the funds only after the mandate end date.
Example Scenario
The allotment date for GOYALSALT is 5th October. Banks unblock the funds on the
refund initiation date, which is the 6th of October. If the bank has not
unblocked the funds, it will be done after the mandate end date, i.e. 14th
October 2023.
Note: A request should be made with the bank to release the funds if the shares
are not allotted anytime after the allotment date. As the funds are only
blocked and still remain in the bank account, interest will accrue as usual.