Usually, the amount is unblocked within 3-10 working days after the allotment.
Please Note: Groww doesn’t handle blocking and unblocking of funds,
the process is taken care of by your Bank and the RTA (Registrar and Transfer agents)
The process of blocking and unblocking funds is taken care of by your bank and Registrar
Transfer agents (RTA). Groww doesn’t handle the process.
In case your amount is still blocked after 10 working days after the allotment,
here is what you can do:
- Contact Your Bank: Please ask your bank executives to unblock the amount.
- Contact IPO RTA (Registrar and Transfer agents): RTA’s are SEBI-registered entities responsible for allocating shares and processing refunds in an IPO. You may contact the RTA to know the status of your refund.
To learn more about the RTA, please navigate to the FAQs section on the IPO Page.