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1. Johny   I Like It. |Report Abuse|  Link|Jan 29, 2019 1:14:07 AMReply
Dear Admin will netbanking based online ASBA be stopped after Phase 2?
1.3. Team Chittorgarh.com   I Like It. |Report Abuse|  Link|Jan 29, 2019 12:11:22 PM
The IPO applications will remain 100% online even after UPI. The while idea is UPI is to reduce the listing time.

1. The banks will change their software to support UPI as payment method. The banks like SBI or Kotak will not be able to offer upto 5 IPO applications per bank account.

2. Now any broker (including discount stock brokers like Zerodha) can build their own online IPO application.Soon every broker in India will offer online IPO using UPI api. They will simply request UPI to block the amount and send the confirmation detail to exchange (BSE, NSE) along with IPO application.

Hope this clarifies your doubts.

We have also added few more FAQ's on top.
1.4. Puneet Agnihotri   I Like It. |Report Abuse|  Link|Feb 20, 2019 4:06:12 PM
Very nice article. Understood the entire bidding process through UPI at a glimpse.

However, in my view the online bidding channel i.e. Bidding through net banking based online ASBA will not be stopped in any phase and will be available for bidding. As pursuant to the SEBI circular SEBI/HO/CFD/DIL2/CIR/P/2018/138, channel bidding wherein Bidding of bid cum application form is being done by any Intermediary and then the forms are being forwarded to SCSBs for blocking of fund are to be stopped from phase II onward.