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 12:16 PM
How can I apply in NCD using UPI as a payment option?
The investor will have to fill in the bid details along with his/her UPI id linked to their personal bank account
Thu, 16 Dec, 2021 at 12:16 PM
What is the limit to apply for an NCD in UPI?
The limit for FPO application is 2 Lakhs per transaction on UPI.
Thu, 16 Dec, 2021 at 12:16 PM
Can I use a third party UPI ID or a third-party bank account for making a payment in NCD?
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 12:17 PM
What are the steps required to get the amount blocked in my bank account?
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 12:17 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 NCD application is liable for rejection
Thu, 16 Dec, 2021 at 12:17 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 12:18 PM