How many days it takes to get refund of an IPO?

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It usually takes 3 to 10 days to get IPO refunds after IPO allotments are done by the registrar of the IPO. It also depends on how you are getting the refunds. Refunds are usually process through two different ways:

1. Electronic Clearing Service (ECS): Also known as direct deposit in bank account, this method is quickest, most convenient and hassle free. In ECS the refund amount is directly deposited in your bank account which is available immediately.
   ECS is available only in few cities in India and also depends on the choice of registrar.
   
2. Cheques: Cheques are conventional way of sending refunds. This method takes a little longer as cheques takes few days to clear. Usually cheques send through registered post through post office and takes 3 to 5 days to receive it.