When it comes to applying for an IPO and approving a UPI mandate request, I find Paytm to be the most convenient UPI application to use. With Paytm, you can easily check and approve your IPO UPI mandate request.
If you’re experiencing difficulties with your current UPI application in locating and approving IPO mandates, I recommend giving Paytm a try. Paytm allows you to easily link your bank account, generate your UPI PIN, and approve your IPO mandate with ease. Read also: How to Make Payments without UPI PIN on Paytm with UPI Lite
So today I will share a complete guide on how to check and authorize IPO mandate on the Paytm UPI App.
First, we will apply for IPO and create UPI mandate request with Paytm UPI ID.
1. Apply for IPO and Send UPI Mandate Request to Paytm
(1) Login to your Demat Application and go to the IPO section, select your IPO and click on the apply button.
(2) On the following screen, enter the lot numbers (Quantity of lots you wish to purchase). Additionally, you will need to enter your Paytm UPI ID for IPO payment purposes. It is important to note that you should use the UPI ID linked with the bank account that you want to use for this transaction. Once you have entered this information, simply click on the Apply button to proceed.
(3) We have successfully applied for an IPO and submitted a UPI mandate request to Paytm. In order to complete the IPO application, you are required to approve the mandate request by 5 PM on the same day. In case you fail to approve before 5 PM, the mandate request will expire and you will have to apply again.
How To Approve IPO Mandate Request on Paytm
After completing the IPO application process on the Paytm application, you will need to wait for a short period of time to receive an IPO mandate request. Once this request is received on Paytm, you will receive an SMS notification prompting you to approve the IPO mandate request.
Now open the Paytm Application and you will see your Mandate request on the home screen as you can see in the below screenshot. Tap on Confirm to Block and accept the request.
To check and approve an IPO mandate request, there is another method. You can open the Message icon which is located on the top right side. Please see the picture below for more details.
Once you open the Message screen, here you will find your IPO mandate request message, just tap and open it.
Next screen you can open your IPO mandate request and approve it.
To find and approve your IPO mandate request on Paytm, you can use the third method. Just open the “UPI & Payment Settings“.
In the UPI & payment settings section, you will find “IPO Bid Requests“, tap and open it.
In IPO Bid Requests, you can check your pending IPO mandate request, just tap on Accept to approve the request.
To approve an IPO mandate request on the Paytm App, you can follow these three simple methods. After accepting the mandate request, the requested amount will be blocked in your bank account. Once you receive the IPO allotment in your Demat account, the blocked amount will be debited.