I have applied for ceigall Ipo and it is not alloted in the allotment day and I received a mail that my amount is unblocked but till now the money is not credited in my account. When I saw the autopay option in Gpay it is showing authorisation failed what should I do now?
The funds are unblocked after the allotment of shares. However, certain banks will unblock the funds only after the mandate end date.
You can check with your bank to release the funds.
The mandate end date is 1 month after now so is there any way to get the refund as quickly as possible if I contact the bank?
If the automatic unblock fails for any reason, the bank usually revokes the blocks within a couple of days. However, if there are still delays, it will help if you contact the bank and log a complaint.
Btw, there is no credit. If your balance is Rs. 90,000 and you apply with Rs. 15,000. The clear balance becomes Rs. 75,000 but there is no debit and you continue to see the entire Rs. 90,000 in your account. When the block is released, you just are able to use the entire Rs. 90,000 again. There is neither a debit or a credit in this case.
Hi @Abhishek_Roy1, your amount unblocked or not ?
I am facing similar issue with tirupati balaji ipo
Could you guide me for same ?
Thanks.