New Delhi: New Delhi: UPI (Unified Payments Interface) is a great tool for the country moving towards cashless economy. But less people know that you can also invest in ipo through upi. In 2018, SEBI made a rule in this regard. Capital market regulator Sebi has reduced manual intervention and reduced processing time. This will enable the listing of shares in 3 days after the issue. The deadline now is 6 days. At the same time, the cost of companies will also be lower due to less manual intervention.
To invest in an IPO through UPI (Invest in ipo through UPI) your smartphone should have UPI app and you should have a UPI ID.
How to shop? For investing in an IPO, there will be a process similar to the date you fill the bid details, you will also fill in it, along with this you will have to give upi id online. The broker will upload the bid details on the platform of the stock exchange along with the UPI ID. The exchange will validate the PAN and DEMAT account of the investor from the depository. After which you are now sent a request to block money according to the IPO lot on UPI. The amount of your IPO application gets blocked as soon as you enter the UPI PIN to block the money.
How to create UPI ID – Nowadays, from Google Pay to paytm and almost all banks create upi id. But if you do not know how to create upi id then for this you can also download the app of your bank. Every bank has its own UPI. After entering some basic information in the UPI app, you become your own separate UPI-ID.