What happens if I do not have sufficient balance in my bank account while accepting the IPO blocking request through UPI?

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The UPI transaction will be declined in case the account has insufficient funds.

Topic: UPI for IPO Application (Unified Payments Interface for IPO) Article

9 Comments

9. sukhvinder singh

| Link|July 17, 2024 1:42:14 PMReply

Same happened with me my institution (fidelity)give me excess IPO more than my account balance .now I don't have money .they saying sebi will freeze your account.is it ok what they are saying .I don't have fund for excess buying

9.1. Mayuri

| Link|July 19, 2024 12:54:50 PM

This happened with me as well. And my funds are frozen. With who were you investing?

9.2. sukhvinder

| Link|July 19, 2024 1:01:18 PM

I am investing with fidelity india

8. siddhatth gupta

| Link|June 25, 2024 5:29:09 PMReply

If my mandate got rejected first due to insufficient balance on UPI, can I place an order on the IPO again?

7. Raj

| Link|November 16, 2020 8:14:06 AMReply

Is it necessary to authorise you mandate for ipo even if you have sufficient balance in your trading account

7.1. Siddhartha Saha

| Link|June 8, 2024 4:01:24 PM

I applied for IPO VILAS TRANSCORE but TRADEBULLS not given IPO according to my FUND AMOUNT ,EXCESS given and charging big amount of money .Now What is the redress?

6. Puneet Verma

| Link|September 30, 2022 5:00:34 PMReply

Did you received any email or confirmation from Broker or STX?

5. Rutuj

| Link|October 1, 2020 2:22:03 PMReply

If mandate request fails due to insufficient funds in bank, do we get another mandate request in case of IPO from UPI.

5.1. Puneet Verma

| Link|September 30, 2022 4:59:41 PM

no , you have to apply once again

4. Sayan sarkar

| Link|September 23, 2021 11:20:40 AMReply

If I buy a share and there is no Sufficient Balance, will having Angel One App automatically cancel
it?

3. nayak

| Link|December 2, 2020 10:13:07 AMReply

to buy IPO: adequate funds in DP account or Bank account ?

2. Anil

| Link|November 10, 2020 12:09:35 PMReply

If I have insufficient balance in my bank account while blocking ipo .Can I get chared for that?

1. Sagar

| Link|September 30, 2020 1:04:48 PMReply

I Applied for IPO through UPI. But in my account not having sufficient funds. Still it was not shown as failed? How I come to know whether I successfully applied or not for IPO?

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