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. Parmar Rajendrasinh kanchansinh  Sep 22, 2020 1:27:16 PM I Like It. | Report Abuse Reply
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
1.2. Diksha bajpai  Oct 4, 2021 3:02:41 PM I Like It. | Report Abuse
Same issue is with me also, now how to get our money back
1.3. jitendra  Nov 22, 2021 4:25:14 PM I Like It. | Report Abuse
I am also facing same issue, AXIS bank is doing big fraud, even if you go to there office, they will show the statement, it will not show in statement. this happen with me twice.

@Axis bank -- please revert all amount you stolen from investor.