I applied for an IPO. Due to delay in getting the mandate request, I cancelled the application and resubmitted again.
After some time I got a mandate request on my UPI application. I approved it.
Few minutes later I got another mandate request on the UPI app. Then only I realised that previously approved the mandate for cancelled IPO application.
Now my amount got blocked for the cancelled application.
Will the amount unblocked without my intervention?
Hi @bd1
Yes. The mandate accepted for cancelled IPO application will get unblocked automatically by mandate end date.
How many days to take refund amount?
When I contacted bank, they said it may take upto the date of IPO mandate expiry. It’s usually around 2 weeks.
However I got the amount unblocked in 2 days.
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I did same mistake bro… I have applied mandate for cancelled ipo what should I do now…and evening I got message message as money recieved for new application since it does know about from which manadate money got credited…I’m sure I applied mandate for the one which is cancelled
I am also facing the same issue right now. I have a doubt that will it affect my probability in getting the allotment?