Can I submit an IPO application without utilizing UPI?

When applying for an IPO using the UPI method, investors link their bank accounts to the UPI ID provided by the bank or broker. Payments for the IPO application are then processed through UPI. However, it’s important to note that the IPO application process and payment methods can vary, and new options may become available over time. Therefore, it is advisable to check the specific instructions provided in the IPO application form and prospectus for the IPO you are interested in.

If you prefer not to use UPI or if there are alternative methods available, such as submitting a physical application form or using a different payment mode, the details will be outlined in the IPO application instructions. You can find this information in the Application Supported by Blocked Amount (ASBA) section of the IPO prospectus or on the website of the issuing company, registrar, or the stock exchange where the IPO is being listed.

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