Comment on Apply for IPOs using UPI

dileeppg commented on 24 Sep 2020, 12:04 PM

Very convenient but unreliable and costly in my experience so far – the UPI mandate process. 2 out of 4 IPO applications in the last month never went through even after multiple attempts with multiple upi addresses. I know its not Zerodha’s fault, but had to bring it up here. Receiving the allotment is a different thing, but I never had a single failed application in the pre-upi mandate days in the last 10 years applying through SBI ASBA route. If its not just me, some work is surely needed to improve the upi mandate reliability.

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