Understanding UPI

What is a UPI ID?
UPI ID (also called Virtual Payment Address or VPA) is a unique ID. The investor needs to create a unique payment ID by adding his/her bank account details ...
Thu, 16 Dec, 2021 at 12:00 PM
How can I apply in FPO using UPI as a payment option?
Investor needs to fill in the bid details along with his/her UPI id linked to his/her own bank account
Thu, 16 Dec, 2021 at 12:00 PM
What is the limit for FPO application in UPI?
The limit for FPO application is 2 Lakhs per transaction on UPI
Thu, 16 Dec, 2021 at 12:01 PM
What is the amount blocked in my bank account?
Investors can place up to 3 bids in an FPO application. For instance, the price range of FPO is Rs. 100 to Rs. 120. The following bids can be placed: Bid ...
Thu, 16 Dec, 2021 at 12:01 PM
Can I use a third party UPI ID or a third-party bank account for making payment in FPO?
No, applications made by retail investors using third party UPI ID or by any category of investors using a third-party bank account are liable for rejection.
Thu, 16 Dec, 2021 at 12:02 PM
Is there any further action I need to take to get the amount blocked in my bank account?
Yes, after placing the order, you will receive an SMS confirming your bid and requesting you to accept the mandate on the UPI app.
Thu, 16 Dec, 2021 at 12:03 PM
What happens if I haven’t accepted the mandate on my UPI app?
In case you have not accepted the mandate on your UPI app, your FPO application is liable for rejection.
Thu, 16 Dec, 2021 at 12:04 PM
What happens to my mandate, in case I have modified my bid?
In case of modification, you need to accept the revised mandate as received on your UPI app.
Thu, 16 Dec, 2021 at 12:05 PM
Till when will my money be blocked in FPO?
The money will be blocked till the finalisation of allotment, post which the amount equivalent to allotted shares would be debited and balance amount (in ca...
Thu, 16 Dec, 2021 at 12:05 PM
What happens when an FPO is allotted?
After the closing of FPO, the finalisation of allotment happens by the third working day, also called the basis of allotment date. On the fourth working day...
Thu, 16 Dec, 2021 at 12:06 PM