Is UPI ID mandatory for IPO?

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UPI ID is mandatory for IPO applications that use the UPI payment gateway.

UPI ID is the investor's unique address that identifies the investor on the UPI platform and accordingly blocks the funds from their account once the UPI mandate is approved.

If an investor applies through ASBA mode, UPI ID is not required. The investor must provide the ASBA bank account number for blocking the funds.

Topic: UPI IPO Application Feedback

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