
To accept a mandate on GPay for IPOI, you need to have a UPI ID and a registered bank account.
You can create a UPI ID using the GPay app.
First, download and install the GPay app on your smartphone.
Next, open the app and follow the prompts to create a UPI ID.
Make sure your bank account is registered with the same phone number as your GPay account.
This will enable you to receive the mandate notification on your phone.
Related reading: What Is Online Banking Id
IPO Mandate for GPay
To accept a mandate on GPay for an IPO, you'll need to open the GPay app and navigate to the profile section.
The profile section is usually located at the top right corner of the screen, so keep an eye out for that. Once you're there, click on 'settings' and then 'one-time mandate'.
You'll find the IPO mandate request under the 'pending' section, so make sure to check that out. Click on 'authorise' to accept the mandate request and enter your UPI PIN to complete the transaction.
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Remember, it may take up to 24 hours to receive the mandate approval request, so be patient and keep an eye on your notifications. If you're unable to find the profile section, try checking the top right corner of the screen again.
Once you've completed the transaction, your payment will be blocked in your account until the shares are allotted. You can check the status of your allotment on the IPO dashboard.
Here are the steps to follow in more detail:
1. Open GPay and navigate to the profile section.
2. Click on 'settings' and then 'one-time mandate'.
3. Find the IPO mandate request under the 'pending' section.
4. Click on 'authorise' to accept the mandate request.
5. Enter your UPI PIN to complete the transaction.
By following these steps, you'll be able to successfully accept a mandate on GPay for your IPO.
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UPI Mandate Process
To accept a mandate on GPay for an IPO, you'll need to follow a few simple steps. The first thing to note is that it may take up to 24 hours to receive the mandate approval request on GPay or PhonePe.
To find the IPO mandate, go to your profile, then settings, and select one-time mandate. You can find the profile option at the top right corner of the screen.
Once you've validated the request, you'll be able to track your mandate post its adoption. Carefully check the mandate request to ensure everything is correctly filled.
The IPO amount will be reserved in your bank account and will be debited once you're allotted the shares. You can check the application and allotment status on the IPO dashboard.
Here's a step-by-step guide to accepting a UPI mandate on GPay:
1. Open your GPay app and go to your profile section.
2. Select settings and then one-time mandate.
3. Click on 'Authorize' to accept the mandate request and enter your UPI PIN.
4. Finally, complete the transaction from your end by entering your UPI PIN.
Your UPI mandate or e-mandate can be used to approve your recurring or one-time payments. Your money gets deducted at a pre-set time, and you can only set up a mandate once you permit your service provider to deduct the scheduled amount.
As you go through the process, remember that the money is reserved for paying for allotted shares, and you won't be able to use it until the shares are allocated to you.
Discover more: What Is a Real Time Payment
Google Pay
To accept a mandate on Google Pay for an IPO, you'll need to follow these steps. Open Google Pay and select Profile > Settings > One Time Mandate.
You'll find the IPO and any other active UPI mandates listed here, and you can complete the process from here. If you have chosen your UPI ID linked with the Google Pay app, you’ll need to head to the Google Pay app to complete the mandate block.
A quick video is available for reference at https://youtu.be/2XB-EJ2f0kk, but you can also follow these steps: Open Google Pay and select Profile > Settings > One Time Mandate.
You will find the IPO and any other active UPI mandates listed here, and you can complete the process from here. Post this, you’ll get a confirmation from your bank if the process is successful.
Google Pay does warn users before they punch in their UPI pin to complete the transaction, that entering the wrong pin will invalidate the mandate and you’ll have to restart the process again. You will see a pop-up immediately after the app loads, and you’ll have to select View Details here.
This will load a screen where the amount and validity will be listed. Click on Accept to complete the process. Again, be careful about the UPI pin you punch in.
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Frequently Asked Questions
How to accept an IPO mandate in Gpay?
To accept an IPO mandate in Gpay, select the profile option and scroll to Mandates, then find the pending mandate and click to authorise. Once approved, track the mandate in the Live column.
How to approve an UPI mandate request in Google Pay?
To approve a UPI mandate request in Google Pay, tap "Approve" and enter your MPIN. Once approved, funds will be reserved in your bank account until the mandate status updates to 'executed
Sources
- https://groww.in/blog/how-to-find-ipo-mandate-on-gpay-and-phonepe
- https://www.bajajbroking.in/blog/how-to-find-ipo-mandate-on-gpay-and-phonepe
- https://www.stockgro.club/blogs/stock-market-101/ipo-mandates-gpay-phonepe-paytm-bhim/
- https://www.bajajfinserv.in/how-to-find-ipo-mandate-on-gpay-and-phonepe
- https://www.paytmmoney.com/blog/ipo-mandate-on-upi-apps/
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