Is UPI mandatory for IPO?

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UPI in IPO is a step towards digitizing the payment system in IPO applications to make it more efficient, faster, easier and more convenient.

UPI is mandatory for IPO if the investor intends to submit the application online through a broker. UPI payment mode is available only to individual investors applying for IPO up to Rs. 5 Lakhs.

In case an investor does not have UPI ID or wishes to apply offline or through netbanking, he/she can apply for IPO using ASBA.

Topic: UPI IPO Application Feedback

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