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Same upi id for applying same ipo by different people

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Deal Cadet
joydeep611533

Can i use same upi id to apply ipo for different pan no….like i will apply for me and my dad..does upi id has to be in the same name as application name?

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Critic Critic
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No, upi id must belong to the person applying. Better use sbi netbanking which allows up to 5 different people to apply for ipo under asba from same sbi account.

Deal Cadet Deal Cadet
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What about hdfc???i dont have sbi account

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Budding Star Budding Star
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No. of IPO Applications

SBI Bank

5

Kotak Mahindra Bank

5

Axis Bank

5

ICICI Bank

1

HDFC Bank

1

Indusindbk

5

Hunk Hunk
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IDFC first??

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Deal Subedar Deal Subedar
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If I am applying via Groww then can I use my digiBank by DBS UPI id? Money will get blocked and stay in my bank account and it will be taken away from my bank account and would get transferred to Groww’s bank account till the time allotment results are declared?

Benevolent Benevolent
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Dbs doesnt support IPO application I think. Mine failed multiple times

Deal Subedar Deal Subedar
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If I am applying via Groww then can I use my digiBank by DBS UPI id? Money will get blocked and stay in my bank account and it will be taken away from my bank account and would get transferred to Groww’s bank account till the time allotment results are declared?

Critic Critic
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Groww gives you demat acc but it doesn’t support ipo application via upi. You can check the supported upi app & banks at this link:
https://www.npci.org.in/what-we-do/upi/li...po
DBS Digibank app does support ipo apply via upi.

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Deal Subedar Deal Subedar
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@guest_999 @suplex_city
While adding other beneficiaries, the default name is the same as the primary savings a/c name. should I go ahead ?, or now Kotak is not supporting third-party beneficiaries?

https://cdn0.desidime.com/attachments/photos/723126/medium/8085767kotak.jpg?1636998923
cactus emojis

Budding Star Budding Star
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We can add up to 5 people in kotak
Name should change
Try in website

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