How to release blocked IPO funds after non-allotment

Tue, 12 May 2026 00:00:00 +0000

In the UPI ASBA mechanism, the money in your bank account is never transferred to the issuer at the time of the IPO bid. Instead, the sponsor bank places a lien (a block or hold) on your savings account for the bid amount. The book balance of your account does not change; only the available balance decreases. The lien earns savings interest at the same rate as the rest of your balance.

UPI ASBA on WebNotes

How to release blocked IPO funds after non-allotment