I have followed the below process to pay for IPO:
Sign up for UPI on the Google Pay app and connect your HDFC Bank account with the handle "okhdfcbank."
On the IPO application form, input your UPI ID and submit it.
On the Google Pay app, you will receive a request to block funds.
Accept the request to block the funds for the IPO in the Google Pay app.
Your bank account will not receive any money until allotment, at the time it will be deducted. For information on the cap for IPO applications,
click here.
The funds will be automatically deducted from this blocked sum upon the allocation of the shares.
On the end date or expiration date of the mandate, if the shares have not yet been allocated to you, the blocked money will be released.
You can also check:
What are SEBI guidelines for public issues?
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Authors Of The Question
How to pay for IPO?
Ghanshyam vyas
95Views
1 Year
2023-08-14T17:51:40+00:00 2023-08-17T19:04:08+00:00Comment
1 Answers
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