When is the application amount blocked for applying for IPO is released in Axis bank?

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The application amount is kept blocked or marked as lien till the allotment is finalized. If you are are allotted shares, then this amount is credited to the company account. In case you are not allotted shares, then the amount is unblocked on the next working day.


1 Comments

Parmar Rajendrasinh kanchansinh
1. Parmar Rajendrasinh kanchansinh  Sep 22, 2020 12:27 I Like It. | Report Abuse Reply 0
I have fill IPO in bhim app application no 97256255 blocked to my Axis bank account through and after cancel this IPO but not revoke my balance .... please inform me email.. mobile number

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