What is UPI in IPO?

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UPI or Unified payment interface is an instant payment system. It allows the instant transfer of funds between two bank accounts using a payment address which uniquely identifies a person's bank account.

SEBI has made mandatory for retail investors to use the UPI Mechanism for applying in IPO from July 1st, 2019. Investors applying in an IPO using Retail & Shareholder Category for bid value amounting to Rs 2 Lacs and below has to apply using UPI payment options.

The earlier ASBA payment option to block the funds is no more available to the customers.

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

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What is UPI?
What is UPI PIN?
How many applications we can bid for an IPO through UPI from one account (according to the new rule of SEBI)?
What happens when an IPO request through IPO has expired?
Will the net banking based ASBA process for IPO completely stop after UPI phase 1?
How does UPI help me?
What is VPA (UPI PIN, UPI ID or UPI Code)?
How do I open UPI Account? How do I register to UPI?
How to use UPI with ICICI Bank?
From when can I use UPI as a payment option in IPO?
Can I submit the IPO application with UPI with my broker?
Up to what limit a retail investor can I apply for an IPO in UPI?
What if my bank is not providing UPI service for IPO?
How do I select UPI as the payment option while applying for IPO?
Can I use third party UPI ID or a third party bank account for making payment in IPO?
What if I by mistake decline the UPI collect request to block funds for IPO?
What if I do not want to proceed with the UPI IPO application? Can I withdraw my bid?
What if I get a technical error on the UPI App while accepting the IPO request?
Will I be notified when the bid is successfully placed for IPO using UPI?
What happens if I don't get a blocking request from the broker on the UPI id entered in the application form?
What if I input wrong UPI PIN while authorizing the request from IPO?
Can I modify/cancel an IPO request made using UPI by visiting my bank branch?
Is there any timeline by which I need to act upon the block request from UPI for IPO?
How do I know that the UPI block request from IPO is not fraudulent?
What if my amount is blocked twice for a single IPO request using UPI?
What happens if I deregister from the UPI App after accepting the IPO request?
What happens if I do not have sufficient balance in my bank account while accepting the IPO blocking request through UPI?
Can I use the same UPI PIN for accepting the IPO block request?
How many times do I need to input UPI PIN for creating and processing the IPO block request?
To whom should I approach if I have some issues with the IPO block request, my bank or my broker?
How do I know if my bank is providing IPO services through UPI?
Can I modify the bid quantity, price, block amount, etc., when I UPI receive a block request for IPO?
Till what time I can authorize the modification UPI request for IPO?
Till when can I revoke an IPO mandate request through UPI?
What does revoking an IPO request through UPI mean?
What happens if revoking of an IPO though UPI fails due to technical error?
What happens if I get partial allotment for IPO applications through UPI? Will my money be unblocked for the remaining shares?
What happens if I do not get any shares but my money remains blocked when applying IPO through UPI?
What are the steps in UPI IPO process in India?
How do I get the UPI ID for a Minor Account?

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