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Do you get money back if IP not alloted?
Once the IPO result is released, all the applicants who got allotment will receive the share in their demat account on the date of listing. And the rest, who unfortunately didn’t get the allotment will receive their IPO refund on/before the end date of mandate.
What if my amount is blocked twice for a single IPO request using UPI?
What if my amount is blocked twice for a single IPO request? You can raise a complaint with the bank/s with the respective Unique Mandate Number provided for the Mandate.
How can I unblock my blocked amount in Axis Bank?
Any request for bid withdrawal should be made during the banking hours and on or before 2 pm of the issue closure date and will be subject to acceptance of Stock Exchange after which the application amount in your account will be unblocked. Once withdraw, the blocked amount will be available in 1 working day.
How much time does it take to unblock IPO money?
ASBA blocked funds for IPO is released after 1 to 2 days of allotment of IPO shares.
How can I get my blocked IPO money back?
When you apply for an IPO online, the application amount is blocked in your account. You cannot withdraw that amount. This amount will be locked till the allotment is finalized for an IPO. In case, you are applying offline through a cheque then the refund process starts after the finalization of basis of allotment.
Now If you are allotted the shares or even partially allotted the Cost of that many shares are deducted from your account. In case you are not allotted any share the amount is unliened or unblocked and stays in your account and this process happens real time so there is no delay in blocking or unblocking process.
What happens if my money is blocked when applying IPO through UPI?
What happens if I do not get any shares but my money remains blocked when applying IPO through UPI? In case the shares have not been allotted to you and money is not unblocked / reinstated in your account, you may raise a complaint through the UPI App.
What is IPO allotment and how to get a refund?
Answer – When investors in an IPO, the amount made for application is blocked from their account. It is blocked till the time the allotment status is disclosed. Following the allotment made, the refund of the application amount received is processed. Ques – How to check IPO Allotment?
Is money debited from your account when you apply for IPO?
So when you apply for any IPO money is never debited from your account but a hold amount is created in account as lieu amount. Now your overall balance will show as minus lieu amount. So when your allotment get confirmed then money is debited from your account.