If I purchase IPO and same day I cancel it, will my blocked money unblocked immediately?

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Are you a day trader?

It depends on your bank. It shouldn't take lot of time and the bank should unblock your application amount in a day or two.

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15 Comments

Neha
15. Neha  Mar 18, 2021 07:13 I Like It. | Report Abuse Reply 0
I purchased easy trip ipo , it will not allotted , but amount still not unblocked from my account. How much time it will take,
Markandey singh
14. Markandey singh  Mar 17, 2021 21:50 I Like It. | Report Abuse Reply 0
i applied for a IPO and then cancel it and again applied for another IPO but by mistake did payment of the first ipo will I get my money back
Rajasekhar Talasila
13. Rajasekhar Talasila  Mar 7, 2021 09:01 I Like It. | Report Abuse Reply 0
Am deleted the Application ( Mandate) on same date of applied.payment done through upi mandate.

But still amount is not unblocked ...can anyone tell me if we cancelled the application before closing of bid date..how many days it will take for unblocking lien amount.my bank is axis.
Dipak Maheshwari
12. Dipak Maheshwari  Feb 13, 2021 20:17 I Like It. | Report Abuse Reply 0
Sir my demat account motilal oswal home first finace ipo my account payment debit but share not for dp account
RAM PRASAD
11. RAM PRASAD  Jan 19, 2021 10:54 I Like It. | Report Abuse Reply 0
I order the ipo and cancled it on same day but mu amount is blocked in when it will unblock ?
Das
11.2. Das  Jan 21, 2021 09:06 I Like It. | Report Abuse 0
Have received the amount now
Manish
11.3. Manish  Jan 21, 2021 16:49 I Like It. | Report Abuse 0
Did you recieved Money? My Also showing Blocked in phonepe platform. When I get refund??
Rohit
10. Rohit  Sep 11, 2020 01:25 I Like It. | Report Abuse Reply 0
Ipo cancelled the same day on 7th sep 21
Today 11th still funds blocked.. Axis Bank said they don't have access, broker said they don't have access. Both pointing each other..
Whom should we ask for or is there a guideline rules..
Or is it their father's money so that they wish when ever they want to
Saurabh kashyap
10.7. Saurabh kashyap  Sep 26, 2020 18:02 I Like It. | Report Abuse 0
Did you recieved the funds which was blocked in your account after deleting the ipo application?
Kavya
10.8. Kavya  Nov 4, 2020 12:37 I Like It. | Report Abuse 0
Hi, did you get back your amount? If yes, when?
Ankit Surana
9. Ankit Surana  Sep 30, 2020 21:14 I Like It. | Report Abuse Reply 0
Same is the problem with me. Applied for Angel Broking on 22nd Sept. and cancelled on 24th sept.
Bank showed the status of cancellation as successful. But till date the lien has not been lifted by Bank !
Mailed at Bank and also at angel.ipo@linkintime.co.in but no response till now.
Also, please if someone could explain what "Mandate Date" is would be of great help ?
Soniya raut
9.1. Soniya raut  Oct 1, 2020 15:39 I Like It. 1 | Report Abuse 0
Its same with me still my money also block..m so tens when it will be unblock
AnkitSurana
9.2. AnkitSurana  Oct 1, 2020 17:37 I Like It. | Report Abuse 0
I got my money today. Did you ?
Parmar Rajendrasinh kanchansinh
8. Parmar Rajendrasinh kanchansinh  Sep 18, 2020 12:28 I Like It. | Report Abuse Reply 0
I have purchase IPO and same day cancel it my moneyis blocked. please money unblocked. IPO application no. 97256255
Rahul Patil
8.1. Rahul Patil  Sep 30, 2020 21:56 I Like It. | Report Abuse 0
If purchase ipo and se day I cancel it will my blocked money unblocked immediately
Rahul Patil
8.2. Rahul Patil  Sep 30, 2020 21:57 I Like It. | Report Abuse 0
If purchase ipo and se day I cancel it will my blocked money unblocked immediately
Karthik t
7. Karthik t  Sep 9, 2020 09:39 I Like It. | Report Abuse Reply 0
Same happened to me deleted order due to unsucceful transaction but still amount blocked
Pallavi
7.1. Pallavi  Sep 28, 2020 09:30 I Like It. | Report Abuse 0
Is your money still blocked?how many days did it take?it was unblocked automatically or had to contact someone?
Sanam
7.2. Sanam  Sep 30, 2020 21:00 I Like It. | Report Abuse 0
hello sir/madam
i applied FOR ANGEL BROKING IPO dated 24/09/2020 but while doing mandat in google pay, showed as AUTHORISATION FAILED TWO TIMES so i cancelled my application but my money blocked till date. When it will unblock?
RishabhJainM
6. RishabhJainM  Sep 21, 2020 11:12 I Like It. | Report Abuse Reply 0
Applied in happiest mind ipo and cancelled my application on same day but amount is still blocked. Both broker and bank not able to help. what should i do .. will i receive it after mandate end date ?
Pallavi
6.1. Pallavi  Sep 29, 2020 08:58 I Like It. | Report Abuse 0
Did your amount get unblocked as mandate date has passed?
RishabhJainM
6.2. RishabhJainM  Sep 29, 2020 11:48 I Like It. | Report Abuse 0
yes
Abhishek Mittal
5. Abhishek Mittal  Sep 7, 2020 17:21 I Like It. | Report Abuse Reply 0
Same Happened With Me
No One Is Responding
Amount is blocked
Sachin
5.2. Sachin  Sep 9, 2020 14:48 I Like It. | Report Abuse 0
Same with Me. Call to bank but they say they can not reverse that amount as lien is marked by the other institute.
Arjun
5.3. Arjun  Sep 25, 2020 12:00 I Like It. | Report Abuse 0
Sorry, nobody has access to unblock. We need to wait for the Mandate END date.
Gopal Sharma
4. Gopal Sharma  Jul 18, 2020 12:54 I Like It. | Report Abuse Reply 0
I purchase IPO on 15 July 2020 and same day I cancel it. But still my money is blocked.
karthik
4.2. karthik  Sep 9, 2020 09:32 I Like It. | Report Abuse 0
Hi, how many days it took for amount unblock?
RishabhJainM
4.3. RishabhJainM  Sep 21, 2020 13:50 I Like It. | Report Abuse 0
did your amount unblocked ?
Arpit
3. Arpit  Sep 7, 2020 15:19 I Like It. 2 | Report Abuse Reply 0
Hi, same happened with me. How many days did it take for your bank to unblock the same paid by you in respect of cancelled application?
RishabhJainM
3.1. RishabhJainM  Sep 21, 2020 10:49 I Like It. | Report Abuse 0
Hi did ur amount unblocked. in how many days
Mohit
2. Mohit  Sep 19, 2020 15:34 I Like It. | Report Abuse Reply 0
I am also facing problem. I applied in 9th sept and cancelled but today is 18th amount is still blocked. How many day will it take to get back.
Yash
1. Yash  Sep 8, 2020 20:25 I Like It. | Report Abuse Reply 0
same thing happened with me .. i applied for ipo and cancelled it on same day but amount is still blocked. My account is in axis bank








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