IPO Transaction Failed

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Deal Cadet
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Translation failed while applying for Mrs. Bectors Food (Cremica) IPO from zerodha using PhonePe upi but amount is blocked from sbi.

First time I applied for IPO, I don’t know how to unlock the amount, PhonePe people says that contact bank, called customer care but they are unable to resolve my issue.

Let me know if anyone has the same experience and how did you resolve this?

11 Comments  |  
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Don’t worry. you will get the amount unblocked in two weeks

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abhishek012 wrote:

next time use SBI bank official UPI app for IPO

It has nothing to do with SBI UPI app bro. The blocked amount has a mandate and the funds get released on or before mandate expiry.

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Don’t worry bro. Your money is safe in your bank. Yes, I have faced this issue many time. You will get your funds released. It will be done by your bank.

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bikidas2060 wrote:

Don’t worry bro. Your money is safe in your bank. Yes, I have faced this issue many time. You will get your funds released. It will be done by your bank.

All my friends already got thier amount, but my money is blocked due to failed transaction. That’s why I’m worried about it.

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SumanTmpl wrote:

All my friends already got thier amount, but my money is blocked due to failed transaction. That’s why I’m worried about it.

Yes yes it happens

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I don’t understand why people are doing application with UPI when there are so many issues with it? Or M I missing something?

Best is to do with bank internet banking ASBA.

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drjpatwa wrote:

I don’t understand why people are doing application with UPI when there are so many issues with it? Or M I missing something?

Best is to do with bank internet banking ASBA.

Bcoz most having demat with zerodha or upstox. They dont know or not understand the process to apply from bank acc of sbi, icici or hdfc using asba

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