I have applied 1 lot of Archean Chemicals Ltd. and yet after 14 days of listing , the money has not been unblocked.
I have entered upi pin and approved the mandate request but it got failed and money got blocked and also the application is rejected with reason "mandate not approved". The request I approved get cancelled same day leaving my amount blocked and rejecting application. Phonepe does not show that auto-pay has been set and hence doesn't show an expiry date of request. I applied on groww through phonepe .
I have mailed the registrar and they replied that issue is escalated to bank officials for solving it. But the issue isn't solved yet even after sending more than 2 reminders. I have contacted the bank but they said that they can't help as problem isn't at their end. I need help for this issue.
1.1. Amit Kumar Ghosh|| Link|December 4, 2022 1:02:57 PM
I have the same issue. I applied from Groww through Bhim UPI. The amount was blocked inspite the application rejected by the Bank immediately after my mandate. The amount still a lien amount.
If you still did not get your money back the last thing you can do is to raise a complaint in SEBI. You can search their number and talk to them they will guide you
I have entered upi pin and approved the mandate request but it got failed and money got blocked and also the application is rejected with reason "mandate not approved". The request I approved get cancelled same day leaving my amount blocked and rejecting application. Phonepe does not show that auto-pay has been set and hence doesn't show an expiry date of request. I applied on groww through phonepe .
I have mailed the registrar and they replied that issue is escalated to bank officials for solving it.
But the issue isn't solved yet even after sending more than 2 reminders.
I have contacted the bank but they said that they can't help as problem isn't at their end.
I need help for this issue.