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What if my amount is blocked twice for a single IPO request using UPI?

Zerodha (Trade with the best stock broker)

You can raise a complaint with the bank/s with the respective Unique Mandate Number provided for the Mandate.

Topic: UPI for IPO Application (Unified Payments Interface for IPO) Article

20 Comments

20. Devarasetty anudeep   I Like It. | Report Abuse |   Link | May 19, 2022 12:52:18 PM Reply
Same thing happened for me lic ipo today amount was debited again for lic ipo 13,560 with the name of lic ipo recovery please help me how to get my money back
20.1. Harsh   I Like It. | Report Abuse |   Link | May 19, 2022 6:57:27 PM
Exactly the same thing happened to me today, bank said it was done by lic manually.
20.2. Ashok   I Like It. | Report Abuse |   Link | May 19, 2022 7:50:23 PM
Same here bro .....Now what to do please reply if anybody knows
19. Anil kumar   I Like It. | Report Abuse |   Link | May 13, 2022 3:39:21 PM Reply
Same thing done with me after applying ipo of Venus pipe IPO.
19.1. Rahul   I Like It. | Report Abuse |   Link | May 13, 2022 7:04:28 PM
Same happened to me after venus ipo got two upi mandate request for one application
18. Devarsetty anudeep   I Like It. | Report Abuse |   Link | Mar 10, 2022 8:52:06 AM Reply
Bro u got any message
Load more comments (7 replies)
18.8. devarsettyanudeep   I Like It. | Report Abuse |   Link | Mar 10, 2022 1:36:10 PM
I also got my money back just now
18.9. P. Niveditha   I Like It. | Report Abuse |   Link | Apr 6, 2022 2:11:22 AM
I bought ABSLAMC ltd, i bought 20 shares for 712 each shares and total was 14240 rupees, money was debited from my account after i was alloted shares, but again the same amount (14240) has been blocked. Pls help to unblock that amount also pls help how can I solve the issue.
17. Avijit   I Like It. | Report Abuse |   Link | Mar 14, 2022 8:07:24 PM Reply
Same thing happened with me for One 97 and Rolex ring ipo, Autopay was done from phone pay, now its showing expire. I went to bank they said the amount was not debited at that time. I remembered that same was blocked and minus the same amount from account but did not get any deduction message.
Can any one please tell me the process of refunding the amount.
17.1. devarasettyanudeep   I Like It. | Report Abuse |   Link | Mar 15, 2022 7:27:03 PM
Wait 2 days bro u will get ur money back to ur account ,same issue happened for me on grinfra ipo i got my money back in 2 days
17.2. Avijit   I Like It. | Report Abuse |   Link | Mar 15, 2022 7:51:22 PM
Thank you devarasettyanudeep for your prompt reply. Actually I am facing issue with Paytm ipo and Rolex ring both. For paytm money was deducted on 3rd march and rolexring on 14th march. I didn't get any refund amount yet.
Today I create a ticket in SEBI.
Do you know any other process to get the refund amount?
16. devarasetty anudeep   I Like It. | Report Abuse |   Link | Mar 9, 2022 4:41:34 PM Reply
Today after 8 months gr infra project ipo amount debited again. I received allotment on 15th JULY 2021 amd amount was debited that time. Now again it got debited.
Please someone help me with the solution for this problem .how to get my money back?
Load more comments (3 replies)
16.4. Archisman Das   I Like It. | Report Abuse |   Link | Mar 9, 2022 8:57:41 PM
Yes i am aslo facing same issue.
I raised complaint with Zerodha , Axis bank ,nse ,Kfintech but not yet received any update.
What to do now? How will i get my money back?
16.5. Avijit   I Like It. | Report Abuse |   Link | Mar 15, 2022 1:00:17 PM
Archisman Das can u tell me the process of refund. Same thing is happened with me.
Thanks in advance
15. Jinaal   I Like It. | Report Abuse |   Link | Mar 10, 2022 4:13:25 PM Reply
Is there anyone here who got money back? Could you guys please explain peocess?
14. Aman Arora   I Like It. | Report Abuse |   Link | Aug 5, 2021 9:38:46 AM Reply
1 ipo alloted of Gr infraproject ltd.but amount deducted twice....
How can my money will be back?
14.1. Sumit mundra   I Like It. | Report Abuse |   Link | Sep 12, 2021 3:02:40 PM
Same here Did you get amount back
Please tell the refund process
14.2. Pramod   I Like It. | Report Abuse |   Link | Mar 9, 2022 2:16:55 PM
Did you get the refund? Same happened with me but after 8 months they deducted again.

Please telll if you got the refund amd how?
13. Murli khichi   I Like It. | Report Abuse |   Link | Sep 15, 2021 8:51:55 PM Reply
My ipo for aptus housing finance deducted twice after mandate expired I am very helpless what should I do
13.1. sadhna   I Like It. | Report Abuse |   Link | Oct 14, 2021 12:23:52 PM
hii there,
same happen with me too got allotment for 1 lot but amount deducted twice from bank account. How did I get back the amount.
did u got your amount back??
13.2. Pramod   I Like It. | Report Abuse |   Link | Mar 9, 2022 2:15:12 PM
Did you get the refund? Today after 8 months gr infra amount debited again. I received allotment on 15th JULY 2021 amd amount was debited that time. Now again it got debited.

Did you get refund after twice debited?
12. Jhalak Jain   I Like It. | Report Abuse |   Link | Feb 19, 2021 10:59:27 PM Reply
My IPO application amount deducted twice what to do now
12.1. Aman Arora   I Like It. | Report Abuse |   Link | Aug 5, 2021 9:39:51 AM
Did your amount refunded or not?
12.2. sourabh   I Like It. | Report Abuse |   Link | Nov 16, 2021 2:17:35 PM
did you amount get refunded?please tell me the process how to get that back?
11. Shonali S   I Like It. | Report Abuse |   Link | Aug 24, 2021 6:31:44 PM Reply
My amount got deducted twice for aptus ipo.. Can anyone help me with this?
11.1. Meet   I Like It. | Report Abuse |   Link | Aug 26, 2021 2:33:52 PM
Same happened with me, it got debited twice and sold my lot at discount it is also not credited.
11.2. Siddharth   I Like It. | Report Abuse |   Link | Sep 10, 2021 5:45:48 PM
Hii need your help shonali s and meet. Amount is credited to your bank account or not..? Same yesterday 09/09/2021 amount debited from my bank account related to Aptus ipo. If your amount is credited than please help me and tell us the process of refund money please...
10. Rohiy   I Like It. | Report Abuse |   Link | Aug 21, 2021 9:30:20 AM Reply
My money was also deducted twice for windlas, i mailed linkintime with screenshot of debited amount and called them afterwords to escalate.
My money was credited within 24 hours. Hope this helps
10.1. Vishal   I Like It. | Report Abuse |   Link | Aug 22, 2021 9:46:12 PM
Can you share the email id and phone where you called
9. Hiral Patel   I Like It. | Report Abuse |   Link | Aug 20, 2021 4:57:53 PM Reply
Money debited twice for single ipo aptus housing
Can anyone help me regarding this how to get money back
8. Karthik   I Like It. | Report Abuse |   Link | Aug 19, 2021 10:10:06 PM Reply
Money debited twice for single lot of ipo . what to do now can any one help
8.1. Rohit   I Like It. | Report Abuse |   Link | Aug 20, 2021 11:39:14 AM
Same with me.. did you found any way to resolve this ?
7. Hiral   I Like It. | Report Abuse |   Link | Aug 19, 2021 10:43:16 AM Reply
Money debited twice for single lot of ipo
Can anyone help me what to do further?
6. Sandip Bandopant Patil   I Like It. | Report Abuse |   Link | Jul 23, 2021 12:02:00 AM Reply
The amount is blocked from my bank account twice. How can I back that amount in my bank account. ?
Plz help me
6.1. S k chhetri   I Like It. | Report Abuse |   Link | Aug 4, 2021 7:59:57 PM
My amount is duble black in a ipo haw do refund my amount
5. Khushbu   I Like It. | Report Abuse |   Link | Jul 8, 2021 10:49:45 PM Reply
The amount is blocked from my bank account twice. How can I back that amount in my bank account. ?
Plz help me
4. Ankit   I Like It. | Report Abuse |   Link | Mar 19, 2021 9:26:10 PM Reply
Same thing happened with me.
What can i do for getting money back
3. H P MURALIDHARA   I Like It. | Report Abuse |   Link | Feb 17, 2021 12:46:05 PM Reply
my IPO application amount blocked twice, what should I do to withdraw the balance amount?
2. Naresh   I Like It. | Report Abuse |   Link | Nov 7, 2020 5:08:42 PM Reply
Same happened with me
2.1. Sopan munde   I Like It. | Report Abuse |   Link | Dec 23, 2020 8:20:06 PM
When my money back
1. Dipakdarji   I Like It. | Report Abuse |   Link | Sep 18, 2020 2:22:41 PM Reply
I process to ipo happiness but no allotment nut my money blockej I rikwest to my money unblock by bhim upi

Find more questions on this topic

  1. What is UPI?
  2. What is UPI PIN?
  3. What is UPI in IPO?
  4. How many applications we can bid for an IPO through UPI from one account (according to the new rule of SEBI)?
  5. What happens when an IPO request through IPO has expired?
  6. Will the net banking based ASBA process for IPO completely stop after UPI phase 1?
  7. How does UPI help me?
  8. What is VPA (UPI PIN, UPI ID or UPI Code)?
  9. How do I open UPI Account? How do I register to UPI?
  10. How to use UPI with ICICI Bank?
  11. From when can I use UPI as a payment option in IPO?
  12. Can I submit the IPO application with UPI with my broker?
  13. Up to what limit a retail investor can I apply for an IPO in UPI?
  14. What if my bank is not providing UPI service for IPO?
  15. How do I select UPI as the payment option while applying for IPO?
  16. Can I use third party UPI ID or a third party bank account for making payment in IPO?
  17. What if I by mistake decline the UPI collect request to block funds for IPO?
  18. What if I do not want to proceed with the UPI IPO application? Can I withdraw my bid?
  19. What if I get a technical error on the UPI App while accepting the IPO request?
  20. Will I be notified when the bid is successfully placed for IPO using UPI?
  21. What happens if I don't get a blocking request from the broker on the UPI id entered in the application form?
  22. What if I input wrong UPI PIN while authorizing the request from IPO?
  23. Can I modify/cancel an IPO request made using UPI by visiting my bank branch?
  24. Is there any timeline by which I need to act upon the block request from UPI for IPO?
  25. How do I know that the UPI block request from IPO is not fraudulent?
  26. What happens if I deregister from the UPI App after accepting the IPO request?
  27. What happens if I do not have sufficient balance in my bank account while accepting the IPO blocking request through UPI?
  28. Can I use the same UPI PIN for accepting the IPO block request?
  29. How many times do I need to input UPI PIN for creating and processing the IPO block request?
  30. To whom should I approach if I have some issues with the IPO block request, my bank or my broker?
  31. How do I know if my bank is providing IPO services through UPI?
  32. Can I modify the bid quantity, price, block amount, etc., when I UPI receive a block request for IPO?
  33. Till what time I can authorize the modification UPI request for IPO?
  34. Till when can I revoke an IPO mandate request through UPI?
  35. What does revoking an IPO request through UPI mean?
  36. What happens if revoking of an IPO though UPI fails due to technical error?
  37. What happens if I get partial allotment for IPO applications through UPI? Will my money be unblocked for the remaining shares?
  38. What happens if I do not get any shares but my money remains blocked when applying IPO through UPI?
  39. What are the steps in UPI IPO process in India?
  40. How do I get the UPI ID for a Minor Account?
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