How to find IPO Mandate on BHIM?
Applying for IPOs through Kotak Securities has become a seamless process thanks to UPI-based payments. After submitting your IPO application, you’ll receive a UPI mandate request on your payment app—such as BHIM UPI—asking you to authorize the amount to be blocked in your account. Approving this mandate is crucial to ensure that your IPO application is successfully processed.
In this guide, we’ll walk you through the steps to approve the IPO mandate using the BHIM UPI app, discuss potential delays, and explain what to do if the mandate request does not arrive within the expected time.
Steps to Approve Your IPO Mandate on BHIM UPI
1. Open the BHIM UPI App
Launch the BHIM UPI app on your mobile and tap on the Bell Icon located at the top right of the screen.
2. View the Mandate
Under Notifications, you’ll find the IPO mandate requests that require your approval.
3. Review Mandate Details
After clicking on the IPO mandate request, you will see details including the IPO name, UPI ID, and the amount to be debited under the Pending tab.
4. Approve and Enter UPI PIN
Scroll down to the Approve button, tap it, and then enter your UPI PIN or password. Once the UPI PIN is successfully entered, the IPO mandate will be approved, and the required amount will be blocked for the IPO application.
Important Points to Keep in Mind
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Possible Delays in Receiving the Mandate In some cases, there may be a slight delay in receiving the IPO mandate approval request on BHIM UPI. This delay can take up to 24 hours, so please be patient.
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What to Do if You Don’t Receive the Mandate If the mandate request isn’t received within the stipulated timeframe, you can cancel the IPO application and reapply. This will generate a new mandate request.
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What Happens to Blocked Amount if IPO Not Allotted If the IPO is not allotted to you, the blocked amount will be released back into your account within 24-48 hours.
By following these simple steps, you can ensure that your IPO application through Kotak Securities is processed smoothly using BHIM UPI. While delays are rare, being prepared with the process and knowing your options in case of issues is important. If you have any questions or need further assistance, feel free to contact our customer service team for help.
Happy investing with Kotak Securities!