How to find IPO Mandate on Paytm?
Applying for IPOs through Kotak Securities using UPI payments is fast and convenient. Once you submit your IPO application, you will receive a UPI mandate request on your payment app—such as Paytm—asking you to authorize the amount to be blocked in your account. Approving this mandate is necessary to ensure your IPO application is processed successfully.
In this guide, we will walk you through the steps to approve your IPO mandate using Paytm, explain possible delays, and outline what to do if the mandate request doesn't arrive on time.
Steps to Approve Your IPO Mandate on Paytm
1. Open the Paytm App
Launch the Paytm app on your mobile and tap on the Bell icon located at the top right of the home screen.
2. Go to IPO Request
Look for the IPO Request to find any pending IPO mandate requests that need your approval.
3. View the Mandate Details
After clicking on the IPO Request, you will see the name of the IPO. Tap on View Pending Requests to review the details.
4. Confirm and Approve
Review the amount to be debited, tap Confirm, and enter your UPI PIN to complete the mandate setup.
Important Points to Keep in Mind
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Possible Delays in Receiving the Mandate There may be a slight delay in receiving the IPO mandate approval request on Paytm. This delay can take up to 24 hours, so we recommend being patient during this time.
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What to Do if You Don’t Receive the Mandate If the mandate request isn’t received within the expected timeframe, you have the option to cancel the IPO application and reapply. This will trigger 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 Paytm. While delays are rare, being aware of the process and what to do if issues arise is crucial. If you have any questions or need further assistance, feel free to contact our customer service team for help.
Happy investing with Kotak Securities!