Hello all experts, I have two demat account with two different PAN as well as different bank account. But, both bank account are linked with same mobile number and thus, have same upi id. If I apply two application with same upi id however, have different bank accounts. Will both application be valid or not ?? Please reply. Thanks.
Hello all experts, I have two demat account with two different PAN as well as different bank account. But, both bank account are linked with same mobile number and thus, have same upi id. If I apply two application with same upi id however, have different bank accounts THROUGH DIFFERENT DEMAT ACCOUNT. Will both application be valid or not ?? Please reply. Thanks.
@HOPE for IPO there are 2 ways,. first is go for ASBA instead of UPI. 2nd is -- if you want to go with UPI only, then register your 1 account with BHIM UPI and 2nd account with Google pay. there you will have 2 different UPI IDs.
@Bullrunner, in this case my both application have been rejected, that's why I have doubt for the same. Still I believe if two application have the different PAN and the different bank account, both will be valid.
@Bullrunner, have same upi id in both application? @Redhu Jind ji, thanks, yes I knew the same. But my concern is for same upi id only. If two application applied through different demat accounts with different bank account but having same upi id of the two bank account, are they valid?
It's not possible... Two different bank accounts with different PAN numbers although having same phone number linked... Will surely have different UPI id.. u can create more IDs also... Use gpay for the same
519.11. Basuvr| Link| Bookmark|
September 17, 2023 9:50:07 AM
IPO Guru (1800+ Posts, 1000+ Likes)
How can 2 bank account have same UPI ID ? So if I use your UPI ID as receiver to transfer fund, which Account will be credited ?
@Basuvr it is possible ,2 bank account can have same upi I'd. Amount will be credited in default bank a/c.
519.13. Asoke sarkar| Link| Bookmark|
September 17, 2023 10:32:50 AM
IPO Mentor (600+ Posts, 700+ Likes)
Under sec 272B of IT Act ,a penalty of 10000 /- is liable to be imposed in case of having more than one pan card. It may be extended to imprisonment, if any benefit has been enjoyed with the unlawful use of it. So, it is a boon in disguise that he has not got any. However , he should immediately surrender the superfluous one.
519.14. ValueSeeker| Link| Bookmark|
September 17, 2023 10:48:52 AM
IPO Mentor (1100+ Posts, 400+ Likes)
@MVP ji, yes I got it. @Asoke sarkar ji, I am well versed with the section. @ValueSeeker ji, both PANs are of different person. @ Ajaysinh Jadeja ji, yes u r right. Thanks for all for your replies.
But my doubt is still exists whether same upi id is only liable for rejection in this case.
519.17. MVP| Link| Bookmark|
September 17, 2023 12:24:04 PM
IPO Guru (1400+ Posts, 1000+ Likes)
No, if you correctly change the default bank while applying for related account/pan even for the mobile number @ upiid - Apply from 1st PAN, keep same bank default in Bhim UPI - After approving 1st manadate. changed the default bank to 2nd PAN and apply the 2nd application.
This should work without any rejection.
519.18. Basuvr| Link| Bookmark|
September 17, 2023 12:48:49 PM
IPO Guru (1800+ Posts, 1000+ Likes)
Applied 2- sNII + 5 - Retail. 1 retail upi amount debited last night. Is there still hope for more debits/allotment or all allotments are done? Does anyone know how long is this allotment debit process would be for any IPO?
@MrArchitect Jo milna tha mil chuka :) ab or Moh Maya mat rakho.. Next IPOs pe Dhyan lagao..
504.2. jay here| Link| Bookmark|
September 17, 2023 11:33:56 AM
IPO Mentor (700+ Posts, 500+ Likes)
I think all the allottees are not debited/revoked yet,because I have many retail applications yet to be either debited or revoked. So we can expect some more allotment of there are so
504.3. arvindarvind| Link| Bookmark|
September 17, 2023 11:38:46 AM
Top Contributor (900+ Posts, 200+ Likes)
Only upi debit has been completed. Asba is still pending.