How to create a BHIM UPI ID for an IPO application

Sun, 21 Jun 2026 00:00:00 +0000

A BHIM UPI ID is the virtual payment address you enter in the Zerodha Kite IPO bid form so that the application money can be blocked in your own bank account under the UPI ASBA mechanism. BHIM , the Bharat Interface for Money, is the UPI app built by the National Payments Corporation of India (NPCI), and it is the simplest app to create a clean, IPO-ready handle on, because it surfaces the mandate on the home screen and shows the full mandate parameters when you approve.

The bank account linked with the UPI ID for an IPO

Sun, 21 Jun 2026 00:00:00 +0000

The bank account linked with your UPI ID for an IPO is the account in which the application money is blocked, and under SEBI and NPCI rules it must be your own account, holding enough balance, carrying the same PAN as your bidding demat. The UPI ID is only an address; the UPI mandate places a lien on the actual bank account that address points to. Get the account right and the bid clears verification; point the UPI ID at someone else’s account, or an account under a different PAN, and the registrar discards the application even after the money looks blocked. This article sets out the ownership rule, where and how much the funds block, the PAN-match requirement, the one-application-per-account limit, and why a third-party UPI ID fails.

UPI ID on WebNotes

How to create a BHIM UPI ID for an IPO application

The bank account linked with the UPI ID for an IPO