Can I apply for IPO in HNI Category through UPI?

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No, you cannot apply for IPO in the HNI category through UPI. The UPI payment gateway has a universal transaction limit of Rs 2 Lakh while the HNI application should be above Rs 2 Lakh.

Following are two options available for HNI's to apply in IPOs:

Banks Net-Banking Facility (ASBA)
You can apply for IPO in HNI using ASBA offered by the net-banking facility of banks. All banks including public and private banks offer online IPO facilities on their net banking website and mobile app.
Filling Paper Form (ASBA)
You could visit the bank branch and apply in the paper form.

Topic: HNI IPO Application Guide (NII Allotment Rules, Benefits & Funding) Article

1 Comments

1. chittorgarh needs to update him/her self

| Link|September 6, 2022 9:17:20 PMReply

IPO applications of ₹2 lakh to ₹5 lakh are considered under the HNI category. Applications up to ₹5 lakh can be placed using UPI. Zerodha and paytm money supports that.
For any amount above ₹5 lakh use ASBA.

1.1. KBG

| Link|November 16, 2023 9:14:57 AM

Can I apply in HNI category upto 5 lakhs from Upstox and zerodha in HNI category for this IPO

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