UPI - Unified Payments Interface:

UPI is a single platform that merges various banking services and features under one umbrella. A UPI ID and PIN are sufficient to send and receive money.
A UPI ID is a unique identification for a bank account that can be used to send and receive funds. UPI PIN is a 4-digit personal identification number that must be entered to authorise the transfer of money via UPI. The PIN can be chosen by the account holder.
UPI transactions use highly secure encryption format that is not easy to tamper. NPCI’s IMPS network handles about Rs.8,000 crore worth transactions every day. This is expected to exponentially increase with UPI technology. It uses a two-factor authentication method, similar to OTP, for verifying every transaction. However, UPI PIN will be used in the place of OTP for validation.

It is mandatory to accept the mandate for confirming your order in IPO

Steps for applying IPO application through Online Trading account using UPI mode :

• Login to your Online Trading account using your Login Id, Password and Date of Birth
• Click on IPO/OFS tab on the menu bar
• Select the IPO you want to apply in
• Select the Investor Staus as Retail and click OK on the pop up
• Click on Apply Using UPI and click OK on the pop up
• Enter the bid quantity, price per share and your UPI ID and select the Bank and click on GO and then on OK to proceed
• Read the Disclaimer and click on I Agree to place the order
• You can check the order details in the Order Book under the IPO/OFS tab
• Accept the UPI mandate in the UPI app linked to the UPI ID entered at the time of placing the order.