Can we apply IPO without UPI?

Yes, you can apply for IPO without UPI using ASBA payment mode.

If an investor does not have UPI ID or has problems with the UPI app, they can apply by providing the ASBA bank account number.

In the ASBA payment method for IPO applications, the respective application amount will be blocked from the bank account and debited only in case of a successful allotment. In case of partial or unsuccessful allotment, the refund process will be initiated and the amount will be released from the account.

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