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

asked

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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


20 Comments

20. Vipin   I Like It. | Report Abuse |   Link | Dec 14, 2021 2:28:42 PM Reply
Hi, I also cancelled the IPO request after accepting the mandates yesterday, but the amount is still not unblocked. Payment was done via UPI (Axis bank). The mandate end date is 30 December. Will I have to wait till 30 Dec or is there any chance of getting refund earlier?? I applied using Gpay
19. Yash   I Like It. | Report Abuse |   Link | Sep 8, 2020 8:25:14 PM 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
19.2. Durgesh Shashikant Thombare   I Like It. | Report Abuse |   Link | Nov 12, 2021 3:20:22 PM
What i do same thing happened with me... You getting money back... What you do for it?
19.3. Vikash   I Like It. | Report Abuse |   Link | Dec 9, 2021 11:00:52 AM
Any of u got koney back? If yes..whats the procedure
18. Pradeep   I Like It. | Report Abuse |   Link | Nov 16, 2021 3:07:36 PM Reply
Applied for Paytm ipo order is cancelled but got allotment and bank account debited
So what’s meaning of cancelled order
17. Markandey singh   I Like It. | Report Abuse |   Link | Mar 17, 2021 9:50:52 PM 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
17.13. Vicky d   I Like It. | Report Abuse |   Link | Oct 7, 2021 8:11:42 AM
Same issue bro..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 or money gone.
17.14. Urvish   I Like It. | Report Abuse |   Link | Nov 1, 2021 4:00:55 PM
In how many days you get refund?
16. Mohit   I Like It. | Report Abuse |   Link | Sep 19, 2020 3:34:55 PM 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.
16.1. pramod   I Like It. | Report Abuse |   Link | Jul 30, 2021 7:05:37 PM
contact bank
16.2. Prabhat Agarwal   I Like It. | Report Abuse |   Link | Aug 24, 2021 7:35:36 PM
Did you recieve the money? If yes please tell me the procedure.
15. Anup Painginkar   I Like It. | Report Abuse |   Link | Aug 6, 2021 1:37:42 PM 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.
14. RishabhJainM   I Like It. | Report Abuse |   Link | Sep 21, 2020 11:12:05 AM 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   I Like It. | Report Abuse |   Link | Jul 15, 2021 11:09:43 PM
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   I Like It. | Report Abuse |   Link | Jul 30, 2021 2:10:32 PM
Haw much time take for refund amount plz tell me
13. Ritesh Pandey   I Like It. | Report Abuse |   Link | Jul 30, 2021 2:07:39 PM Reply
Haw much time take for unblock amount plz tell anyone about this...
12. Rajasekhar Talasila   I Like It. | Report Abuse |   Link | Mar 7, 2021 9:01:34 AM 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   I Like It. | Report Abuse |   Link | Jul 30, 2021 10:44:40 AM
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   I Like It. | Report Abuse |   Link | Jul 30, 2021 1:59:25 PM
I purchased IPO and same day cancel it how much time take to my blocked money is unblock plz tell me?
11. Piyush   I Like It. | Report Abuse |   Link | Jul 2, 2021 11:45:20 PM Reply
Ipl ipo lien when will unblock my amount
10. Neha   I Like It. | Report Abuse |   Link | Mar 18, 2021 7:13:42 AM 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   I Like It. | Report Abuse |   Link | Feb 13, 2021 8:17:35 PM Reply
Sir my demat account motilal oswal home first finace ipo my account payment debit but share not for dp account
8. RAM PRASAD   I Like It. | Report Abuse |   Link | Jan 19, 2021 10:54:57 AM Reply
I order the ipo and cancled it on same day but mu amount is blocked in when it will unblock ?
8.2. Das   I Like It. | Report Abuse |   Link | Jan 21, 2021 9:06:00 AM
Have received the amount now
8.3. Manish   I Like It. | Report Abuse |   Link | Jan 21, 2021 4:49:20 PM
Did you recieved Money? My Also showing Blocked in phonepe platform. When I get refund??
7. Rohit   I Like It. | Report Abuse |   Link | Sep 11, 2020 1:25:33 AM 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   I Like It. | Report Abuse |   Link | Sep 26, 2020 6:02:25 PM
Did you recieved the funds which was blocked in your account after deleting the ipo application?
7.8. Kavya   I Like It. | Report Abuse |   Link | Nov 4, 2020 12:37:28 PM
Hi, did you get back your amount? If yes, when?
6. Ankit Surana   I Like It. | Report Abuse |   Link | Sep 30, 2020 9:14:29 PM 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   I Like It. 1 | Report Abuse |   Link | Oct 1, 2020 3:39:13 PM
Its same with me still my money also block..m so tens when it will be unblock
6.2. AnkitSurana   I Like It. | Report Abuse |   Link | Oct 1, 2020 5:37:29 PM
I got my money today. Did you ?
5. Parmar Rajendrasinh kanchansinh   I Like It. | Report Abuse |   Link | Sep 18, 2020 12:28:29 PM Reply
I have purchase IPO and same day cancel it my moneyis blocked. please money unblocked. IPO application no. 97256255
5.1. Rahul Patil   I Like It. | Report Abuse |   Link | Sep 30, 2020 9:56:34 PM
If purchase ipo and se day I cancel it will my blocked money unblocked immediately
5.2. Rahul Patil   I Like It. | Report Abuse |   Link | Sep 30, 2020 9:57:58 PM
If purchase ipo and se day I cancel it will my blocked money unblocked immediately
4. Karthik t   I Like It. | Report Abuse |   Link | Sep 9, 2020 9:39:25 AM Reply
Same happened to me deleted order due to unsucceful transaction but still amount blocked
4.1. Pallavi   I Like It. | Report Abuse |   Link | Sep 28, 2020 9:30:07 AM
Is your money still blocked?how many days did it take?it was unblocked automatically or had to contact someone?
4.2. Sanam   I Like It. | Report Abuse |   Link | Sep 30, 2020 9:00:54 PM
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   I Like It. | Report Abuse |   Link | Sep 7, 2020 5:21:43 PM Reply
Same Happened With Me
No One Is Responding
Amount is blocked
3.2. Sachin   I Like It. | Report Abuse |   Link | Sep 9, 2020 2:48:34 PM
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   I Like It. | Report Abuse |   Link | Sep 25, 2020 12:00:14 PM
Sorry, nobody has access to unblock. We need to wait for the Mandate END date.
2. Gopal Sharma   I Like It. | Report Abuse |   Link | Jul 18, 2020 12:54:48 PM Reply
I purchase IPO on 15 July 2020 and same day I cancel it. But still my money is blocked.
2.2. karthik   I Like It. | Report Abuse |   Link | Sep 9, 2020 9:32:32 AM
Hi, how many days it took for amount unblock?
2.3. RishabhJainM   I Like It. | Report Abuse |   Link | Sep 21, 2020 1:50:02 PM
did your amount unblocked ?
1. Arpit   I Like It. 2 | Report Abuse |   Link | Sep 7, 2020 3:19:38 PM 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   I Like It. | Report Abuse |   Link | Sep 21, 2020 10:49:33 AM
Hi did ur amount unblocked. in how many days