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Why was my application rejected by the bank?

Rejection of an IPO application may be due to:
  • Insufficient funds in the bank account linked to entered UPI ID
  • Entered UPI ID belongs to a third person
  • Entered wrong UPI ID
  • Declined UPI request on UPI app
  • Technical failures at UPI app or your bank
  • Technical failures at IPO sponsor bank that sends mandate
  • Other Incomplete requirements
Please make sure you meet all the requirements to avoid application errors. Read our blog to know more about these requirements.
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