Monday, April 06, 2020

BHIM UPI: How to Apply IPO Using UPI ID


Now, we can use Bhim UPI as the payment option while subscribing for any IPO. It's one type of best instant payment system running on the mobile phone. It is a real-time money transfer application mostly use for IPO on the National Stock Exchange(NSE) & Bombay Stock Exchange(BSE). Sending and receiving money through this app is very easy because it's regulated by the RBI.


Bharat Interface for Money (BHIM) is the best payment app that makes your money transfer simple, easy and quick using Unified Payments Interface (UPI). With the help of this application, you can make direct bank payments to anyone on UPI but we need to add their UPI ID or scan their QR. 

Here we have placed a few steps like how to apply in IPO application using BHIM UPI App. Let's have a look latest update here.

9 Steps to Use BHIM UPI for IPO Application:


Step #1. Download and Install BHIM app on your mobile phone from Google Play store

Step #2. Choose your preferred language (Currently, It is available in 13 languages)

Step #3. Select your mobile number SIM which is used in your Bank account

Step #4. Set your 4 Digit app password (first step of login)

Step #5. Choose and link your Bank account

Step #6. Set your UPI PIN (Need to enter last 6 digits and expiry date of debit card)

Step #7. If you have multiple Bank Accounts linked with same number then select Primary Account to apply IPO application.

Step #8. You UPI ID shout be like 9********6@UPI

Step #9. Now you have to add your UPI ID (9********6@UPI) into IPO Application when you are applying for IPO.

Read Also:
Checkout the official screenshots from SEBI about how to use UPI payments for IPO.


10 Useful Benefits for BHIM App:


#1. We can use it in a smartphone without the internet (Download is required)

#2. Our fingerprint is enough to access this application

#3. Very simple application and

#4. We can reset out PIN easily

#5. Each transaction needed 4 digit passcode to enter for every transaction

#6. No transaction charges to send and receive payments

#7. No need to add money in a digital wallet like Paytm, MobiKwik

#8. It is one type click transaction process, no time delay process

#9. We can request money through the BHIM app from a UPI ID.

#10. Supporting both Hindi and English language to access easily.

Happy Investing.