Will the existing non-UPI channels for making application in public issues will be available for retail investors after introduction of UPI?
With the introduction of UPI, the focus has shifted toward
digital payment methods. If you're not using
UPI, other ways exist to apply for IPOs. You can use your bank's net banking ASBA service
without needing UPI. This gives you more choices for paying. You can learn more
about ASBA with 5paisa.
Related Articles
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 ...
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 ...
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 ...
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?
If your bank doesn't offer UPI services for public issues, you can still utilize your bank account for blocking funds. Depending on the application phase (I, II, or III), apply with the respective SCSB or intermediary for fund blocking. Suppose your ...
Up to what limit can I apply for a public issue in UPI?
As per SEBI regulations, retail investors can apply for public issues using UPI with a maximum bid amount of up to Rs. 2 lakhs per application. This applies to both regular retail individual investors and investors in the High Net Worth Individual ...