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Today I applied for krsnaa ipo i accept the mandate money also got debited/hold but in demat it's showing due to technical issues ipo application rejected
Please let me know what should I do

Your IPO application is rejected. Henceforth whenever you face such an issue then first delete/cancel/withdraw the application which got rejected. Next, contact your bank branch with a proper written application requesting them to release the lien amount or unblocking the funds. Specify the following details in your application,
1. Application No.
2. Unique Mandate No. (UMN) (if applied through UPI)
3. Customer / Transaction Reference No.
4. Bank Reference No. (if applied through ASBA Netbanking )
5. Attach the Self-attested photocopy of any Identity card (Aadhar or PAN, etc) with the application.
Many Bank Branches clerk don't know how to release the IPO lien so directly go to the Branch Manager with the application.
You can make the above application in the following cases:
1. IPO application was withdrawn within the closure of the IPO date but funds were still on lien / blocked.
2. IPO application was rejected on a technical basis and funds were still on lien / blocked.
3. IPO application had payment status like "Pending" or "Request accepted by Sponsor Bank" and not "Accepted by Investor". This status is shown even after successfully creating the UPI Mandate.
4. IPO Application was rejected due to failure of mandate but amount got blocked / lien.

Important Note - Use "Bhim App" ONLY. Don't use GPay or Phonepe or any third-party UPI apps to create the mandate.