Hi Kishen, the onus of deducting payment correctly for your application is on the bank. You may hold on to the shares or sell them from your holdings as you will. You have no cause for worry here.
You can write to your bank with the details of the unblocked amount and your mandate in the meantime.
Hello, I received mandate for Route IPO, but authorisation failed, Now how can I re-authorize the same on Gpay.
It says authorisation failed due to insufficient finds but I just checked my balance which is showing more than the required amount.
Thank you.
You can delete the earlier application you made for IPO, and apply again, if it still doesn’t work you can also apply through Netbanking ASBA, the process has been explained here.
On 9th september I applied for Route mobile IPO and received a mandate within 10 mins which I authorized too. The next day i received one more mandate requesting approval for the same application number. Please help in resolving this.Thanks!
I applied for route mobile IPO. on 12th september, when i’m trying to approve the mandate, i’m getting an error in UPI as “ORIGINAL REQAUTHMANDATE NOT FOUND”. Any idea why this error is coming?
If the upi mandate status is not updated on the closing day of the issue. That means application is invalid.
when you check the allotment status with application number or pan card both shows invalid.
In future If we are applying through UPI make sure we have to apply 1 day before closing day and if not the status is updated we can cancel and reapply.
Best way is to do with asba with any bank account.
The chances of failure is nil and the blocked amount will be released instantly on the final allotment date.
There is no need to worry.
The mandate end date is 29/09/2020.
your bank will revoke on or before 29th.
I have similar issue with HappiestMind, we have to wait till mandate end date.
I have placed bid for Happiest minds and accepted UPI mandate and amount is blocked. And later i decided to cancel the bid as i was in hurry of funds and i cancelled it. When can i expect my refund of blocked amount for hwich i have cancelled. Please suggest…