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You can apply in IPO/FPO using BHIM application which is a UPI application, Basically, UPI (Unified Payments Interface) is an instant payment system on the mobile platform, In addition, UPI also allows blocking money for special purposes like IPO/FPO applications.
SEBI permitted UPI as an alternative payment option for retail investors (Up to Rs 2 Lacs) to invest in IPO/FPO.
For Applying In IPO/FPO first, you have to install & register on BHIM application on your smartphone, Post-registration you have to send a mail at Support@sasonline.in containing Bid details (Client ID, UPI id, Number of lots would like to bid (max to Rs 2 lacs))
After placing Bid for the particular IPO/FPO we will inform you via mail along with order no. and you will receive a mandate on your BHIM App and need to confirm it. (BHIM>>My Information>>My Mandate>>Pending)>>Process)
Verify your Bid details & SAS Demat Account details and click on process button.
Create a mandate and click on confirm
Enter your BHIM UPI password & your mandate will be verified & the required amount will be blocked on your bank account.
After this, you will receive a confirmation SMS from your bank and from NSE also by end of the day.
Points To Remember
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