Which apps or banks currently support IPO applications through UPI ASBA?
Users can check the list
of apps and banks supporting UPI IPO applications by visiting the official
website of the National Payments
Corporation of India (NPCI).
Please note that IPO bids
can only be placed using UPI apps and handles of banks that support IPO
applications. Moreover, users can use any bank account linked with 5Paisa to
place an IPO bid.
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How can I apply for an IPO without using UPI?
To apply for an IPO without using UPI, you can utilise the ASBA (Application Supported by Blocked Amount) facility provided by banks. Here's how you can do it: · Visit Bank: Visit your bank branch or log in to your internet banking portal. · Fill ...
Can I apply for IPO using others UPI ID?
No, you cannot apply for an IPO using someone else's UPI ID. IPO applications must be made using your own UPI ID and bank account. Using another person's UPI ID for IPO applications is not allowed and may lead to the rejection of the application. IPO ...
Who can apply for an IPO using the UPI ASBA route?
· Eligibility: Individual investors with application values below ₹5 lakhs can utilize the UPI ASBA route for IPO applications. · HNI Classification: Applications falling between ₹2 lakhs to ₹5 lakhs are classified as HNI (High Net-worth ...
If the IPO is not allotted to me, when can I expect to receive the refund?
· Funds are unblocked after shares are allotted in an IPO. · The mandate for IPO applications is typically revoked after allotment. · Upon revocation of the mandate, the blocked funds will be released to your bank account. Note: Some banks may wait ...
Can I apply for multiple applications in the same IPO using the same UPI?
You can only submit one application for the same IPO using the same UPI. Multiple applications for the same IPO using the same UPI are not allowed. This means that investors cannot submit more than one application for the same IPO using the same UPI ...