How will I make payment for the IPO or will my funds get blocked for IPO?

How will I make payment for the IPO or will my funds get blocked for IPO?

How will I make payment for the IPO or will my funds get blocked for IPO?

First you will have to apply for the IPO using our app or website. After the application, there is a request to block the funds that are sent by the exchange via UPI mandate, on the UPI application to which your associated bank account are mapped.

You will receive a request to block funds equivalent to the amount applied, on authorization the said amount is blocked. In case of successful allotment, there will be a subsequent debit of funds. If there is no allotment, the blocked funds will be released.     

Note: Fund Transfer/available with RYZ MARKET Account is not required in case of IPO as it is UPI linked Transactions.

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