Frequently Asked Questions

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Bond IPO via UPI 2.0

Why was my application rejected?


There could be various reasons for the rejection of your IPO applications. A few of the probable causes are listed here.
  • The applicant gives an invalid or incorrect DP ID / Client ID
  • The PAN given in the IPO application is not matching with the PAN associated with the given Demat account.
  • The given Demat account number is wrong.
  • The given Demat account is inactive.
  • If the Demat account is not accessed for a long time, the Demat account becomes Dormant. The maximum duration Demat account can remain unused before it becomes dormant will be mentioned in an agreement made with DP. By paying reactivation fees to your DP, the Demat account can be reactivated.
  • If the UPI mandate is not accepted within 48 hours of placing the application
  • The given UPI handle is invalid