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

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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.

answered


18 Comments

18. Mohit  Sep 19, 2020 15:34 I Like It. | Report Abuse Reply
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.
18.1. pramod  Jul 30, 2021 19:05 I Like It. | Report Abuse
contact bank
18.2. Prabhat Agarwal  Aug 24, 2021 19:35 I Like It. | Report Abuse
Did you recieve the money? If yes please tell me the procedure.
17. Markandey singh  Mar 17, 2021 21:50 I Like It. | Report Abuse Reply
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
17.11. monti  Aug 5, 2021 14:43 I Like It. | Report Abuse
@ markandey singh same thing happen to me, so when did you got back the refund?
please tell
17.12. अक्षांश  Aug 11, 2021 13:26 I Like It. | Report Abuse
@monti मेरे साथ भी यही हुआ है। क्या किया आपने? Any solution??
16. Anup Painginkar  Aug 6, 2021 13:37 I Like It. | Report Abuse Reply
I had authorised one mandate for an IPO and soon it was cancelled. Today the broker confirmed the cancellation but on the google pay to my surprise it was appearing in pending ( processing) and completed (authorization failed) tab. I have checked with the bank statement and the amount is still blocked. Also I received a sms stating, “ The UPI-Mandate of Rs.15000/- could not be cancelled due to VH.
15. Yash  Sep 8, 2020 20:25 I Like It. | Report Abuse Reply
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
15.1. Dharmesh Trivedi  Jul 30, 2021 17:05 I Like It. | Report Abuse
Have you received your funds back or it is still blocked
How much time does it take to unblock the funds if I cancel my ipo application
14. RishabhJainM  Sep 21, 2020 11:12 I Like It. | Report Abuse Reply
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 ?
14.3. rk  Jul 15, 2021 23:09 I Like It. | Report Abuse
hi, i am facing same problem currently but as per ur previous comment so after auto-pay expiry it gets automatically refunded right?
14.4. Ritesh Pandey  Jul 30, 2021 14:10 I Like It. | Report Abuse
Haw much time take for refund amount plz tell me
13. Ritesh Pandey  Jul 30, 2021 14:07 I Like It. | Report Abuse Reply
Haw much time take for unblock amount plz tell anyone about this...
12. Rajasekhar Talasila  Mar 7, 2021 09:01 I Like It. | Report Abuse Reply
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.
12.2. Ram Kariya  Jul 30, 2021 10:44 I Like It. | Report Abuse
DID YOU GET YOUR MONEY BACK? AND WHAT WAS THE PROCEDURE ?? SAME THING HAS HAPPEND TO ME IN ROLEX RINGS IPO
12.3. Ritesh Pandey  Jul 30, 2021 13:59 I Like It. | Report Abuse
I purchased IPO and same day cancel it how much time take to my blocked money is unblock plz tell me?
11. Piyush  Jul 2, 2021 23:45 I Like It. | Report Abuse Reply
Ipl ipo lien when will unblock my amount
10. Neha  Mar 18, 2021 07:13 I Like It. | Report Abuse Reply
I purchased easy trip ipo , it will not allotted , but amount still not unblocked from my account. How much time it will take,
9. Dipak Maheshwari  Feb 13, 2021 20:17 I Like It. | Report Abuse Reply
Sir my demat account motilal oswal home first finace ipo my account payment debit but share not for dp account
8. RAM PRASAD  Jan 19, 2021 10:54 I Like It. | Report Abuse Reply
I order the ipo and cancled it on same day but mu amount is blocked in when it will unblock ?
8.2. Das  Jan 21, 2021 09:06 I Like It. | Report Abuse
Have received the amount now
8.3. Manish  Jan 21, 2021 16:49 I Like It. | Report Abuse
Did you recieved Money? My Also showing Blocked in phonepe platform. When I get refund??
7. Rohit  Sep 11, 2020 01:25 I Like It. | Report Abuse Reply
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
7.7. Saurabh kashyap  Sep 26, 2020 18:02 I Like It. | Report Abuse
Did you recieved the funds which was blocked in your account after deleting the ipo application?
7.8. Kavya  Nov 4, 2020 12:37 I Like It. | Report Abuse
Hi, did you get back your amount? If yes, when?
6. Ankit Surana  Sep 30, 2020 21:14 I Like It. | Report Abuse Reply
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 ?
6.1. Soniya raut  Oct 1, 2020 15:39 I Like It. 1 | Report Abuse
Its same with me still my money also block..m so tens when it will be unblock
6.2. AnkitSurana  Oct 1, 2020 17:37 I Like It. | Report Abuse
I got my money today. Did you ?
5. Parmar Rajendrasinh kanchansinh  Sep 18, 2020 12:28 I Like It. | Report Abuse Reply
I have purchase IPO and same day cancel it my moneyis blocked. please money unblocked. IPO application no. 97256255
5.1. Rahul Patil  Sep 30, 2020 21:56 I Like It. | Report Abuse
If purchase ipo and se day I cancel it will my blocked money unblocked immediately
5.2. Rahul Patil  Sep 30, 2020 21:57 I Like It. | Report Abuse
If purchase ipo and se day I cancel it will my blocked money unblocked immediately
4. Karthik t  Sep 9, 2020 09:39 I Like It. | Report Abuse Reply
Same happened to me deleted order due to unsucceful transaction but still amount blocked
4.1. Pallavi  Sep 28, 2020 09:30 I Like It. | Report Abuse
Is your money still blocked?how many days did it take?it was unblocked automatically or had to contact someone?
4.2. Sanam  Sep 30, 2020 21:00 I Like It. | Report Abuse
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?
3. Abhishek Mittal  Sep 7, 2020 17:21 I Like It. | Report Abuse Reply
Same Happened With Me
No One Is Responding
Amount is blocked
3.2. Sachin  Sep 9, 2020 14:48 I Like It. | Report Abuse
Same with Me. Call to bank but they say they can not reverse that amount as lien is marked by the other institute.
3.3. Arjun  Sep 25, 2020 12:00 I Like It. | Report Abuse
Sorry, nobody has access to unblock. We need to wait for the Mandate END date.
2. Gopal Sharma  Jul 18, 2020 12:54 I Like It. | Report Abuse Reply
I purchase IPO on 15 July 2020 and same day I cancel it. But still my money is blocked.
2.2. karthik  Sep 9, 2020 09:32 I Like It. | Report Abuse
Hi, how many days it took for amount unblock?
2.3. RishabhJainM  Sep 21, 2020 13:50 I Like It. | Report Abuse
did your amount unblocked ?
1. Arpit  Sep 7, 2020 15:19 I Like It. 2 | Report Abuse Reply
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?
1.1. RishabhJainM  Sep 21, 2020 10:49 I Like It. | Report Abuse
Hi did ur amount unblocked. in how many days