How to Approve IPO Mandate on UPI Apps?
Congratulations!
Congratulations on taking the leap and applying for the IPO!
Thats' a fantastic move towards seizing exciting opportunities in the market and making your mark in the journey of investments! Best of luck!
What is an IPO mandate?
Basically, when you apply for an IPO, the money you intend to invest gets temporarily held in your bank account, but you can still earn interest on it as your regular balance. I your IPO application is
successful, the money gets deducted, but if not, it's released back to you. Your UPI app needs your permission, or mandate, to do all this on your behalf.
So, when you apply for na IPO, you'll get a request on your UPI app to set up this mandate. Sometimes, this request might take a little time to come through, so just hang tight.
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