Investment Products

Why is my UPI handle not supported for IPO applications?

Not all UPI apps or banks are authorized for IPO payments. The National Payments Corporation of India (NPCI) has approved a specific list of UPI apps and banks for IPO transactions.

If your UPI handle (e.g., yourname@xyzbank) is from a non-approved app or bank, it won’t be accepted during the IPO application process.

This is a security measure to ensure smooth and verified IPO payment processing.

What you can do:

  1. Check if your UPI is supported: Visit NPCI’s official list of IPO-enabled UPI apps and banks. Link here

  2. Use a supported UPI handle: If yours isn’t supported, switch to an approved UPI app (like PhonePe, Paytm, Google Pay, etc.) and link it to an IPO-enabled bank.

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Still have questions?

I’ve approved the UPI mandate. Why is my IPO application status not updated yet?

What if IPO wasn’t allocated to me? When will my money be unblocked?

Why is my IPO application cancelled?

I’ve cancelled my IPO application. When will the changes reflect?