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UPI Apps for IPO Supported on Bajaj Brokin

Synopsis:

In this blog, we will discuss applying for an IPO through UPI apps. We will talk about how it works and which UPI apps are supported for this process.


UPI payments have gotten so popular in recent years that many of us have reduced our ATM visits significantly of late. Considering their reach and convenience, you might have wondered if you could also apply for an IPO through UPI. The short answer is yes. But there is more to it than that.

Bajaj Broking allows investors to use UPI for IPO applications and the platform supports a variety of UPI apps to get this done. Let’s cover all you need to know to understand how IPO through UPI works.

UPI Apps Enabled for IPO Transactions

Investors can file their IPO applications through Bajaj Broking on multiple UPI-enabled apps. These apps allow a fund block in real time and ease the processing of the transactions, thereby enriching the application process experience.

Here is a list of top UPI apps currently supported for IPO through UPI:

UPI Application

Supported Platform

UPI Handle

BHIM

Android & iOS

@upi

Google Pay

Android & iOS

@okhdfcbank @okaxis @oksbi @okicici

PhonePe

Android & iOS

@ybl @axl @ibl 

Paytm

Android & iOS

@paytm

BHIM SBI Pay

Android

@sbi

iMobile by ICICI

Android

@icici

Kotak Mobile Banking

Android

@kotak

Freecharge

Android & iOS

@freecharge

Mobikwik

Android & iOS

@ikwik

Axis Mobile

Android

@axisbank

Additional Read - How to Find IPO Mandate on GPay and Phonepe

Banks Participating in the ASBA Process for IPOs

The Application Supported by Blocked Amount (ASBA) process is one of the common ways to apply for an IPO through UPI. In this process, money remains in the account of the investor till the shares are issued. Many banks, known as Self Certified Syndicate Banks (SCSBs), participate in this process. They assist in ensuring safe and fast handling of the IPO applications.

S No

Bank Name

ASBA Services

1

State Bank of India

Online & Branch Services

2

HDFC Bank

Online & Branch Services

3

ICICI Bank

Online & Branch Services

4

Axis Bank

Online & Branch Services

5

Kotak Mahindra Bank

Online & Branch Services

6

Punjab National Bank

Online & Branch Services

7

Bank of Baroda

Online & Branch Services

8

Union Bank of India

Online & Branch Services

9

IDBI Bank

Online & Branch Services

10

IndusInd Bank

Online & Branch Services

Final Takeaway

One has to check the UPI app or ensure that their bank facilitates the ASBA process; otherwise, applying for an IPO through UPI shall not be possible through Bajaj Broking. It will take some of your time, but all this will definitely enhance the investment experience.

With the right tools and knowledge of the process, it is possible to make an IPO application easier while providing better investment choices.

Do you have a trading account app or demat account app?

You can open an account with Bajaj Broking in minutes.

Download the Bajaj Broking app now from Play Store or App Store.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://www.bajajbroking.in/disclaimer

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The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.

The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.

Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.

BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.

Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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For more disclaimer, check here : https://www.bajajbroking.in/disclaimer

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