NPCI (National Payments Corporation of India)

NPCI (National Payments Corporation of India) is a central organization that facilitates digital payment systems in India. In the context of IPO (Initial Public Offering) and UPI (Unified Payments Interface) application process:

• UPI in IPO: Investors can apply for IPOs through UPI, using ASBA (Application Supported by Blocked Amount) for secure fund blocking.
• NPCI’s Role: Facilitates UPI-based payments, ensuring smooth and secure transactions during the IPO application process.