Streamlining the Process of Public Issue of Equity Shares and convertibles-Implementation of Phase II of Unified Payments Interface with Application Supported by Block Amount

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....II of Unified Payments Interface with Application Supported by Block Amount 1. This refers to SEBI circular No. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018, vide which SEBI had introduced the use of Unified Payments Interface (UPI) as a payment mechanism with Application Supported by Block Amount (ASBA) for applications in public issues by retail individual investors through intermediaries (Syndicate members, Registered Stock Brokers, Registrar and Transfer agent and Depository Participants), with effect from January 1, 2019. Implementation of the same was to be carried out in a phased manner to ensure gradual transition to UPI with ASBA. Implementation of Phase II 2. Accordingly, Phase II of the aforesaid Circular dated....

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....he application is also appearing in the aforesaid list. 4. An application made using incorrect UPI handle or using a bank account of an SCSBs or bank which is not mentioned in the aforesaid list is liable to be rejected. 5. Investors whose bank is not live on UPI as on the date of this Circular, may use the other alternate channels available to them viz. submission of application form with SCSB or using the facility of linked online trading, demat and bank account (Channel I or II at Para 5.1 of Circular dated November 01, 2018). 6. Frequently asked questions (FAQs) regarding use of UPI with ASBA in public issue process can be accessed at the following path on the SEBI website - www.sebi.gov.in : Home » FAQs » FAQs o....

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.... @upi 11 Corporation Bank BHIM @upi 12 DBS Bank India Limited BHIM @upi 13 DCB Bank BHIM @upi 14 Dhanlakshmi Bank Limited BHIM @upi 15 GP Parsik Sahakari Bank Limited BHIM @upi 16  HDFC Bank Ltd. BHIM @upi HDFC BANK MOBILE BANKING APP- ANDROID ONLY  @hdfcbank 17 HSBC Bank BHIM @upi HSBC SIMPLY PAY  (ANDROID  & iOS) @hsbc 18  ICICI Bank Ltd BHIM @upi ICICI BANK MOBILE BANKING APP (iMobil....