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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..... 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 November 01, 2018 has become effective from July 1, 2019. Thereafter .....

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..... sing 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 on Primary Market Issuances » Use of Unified Payments Interface (UPI) with ASBA in p .....

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..... LY PAY (ANDROID & iOS) @hsbc 18 ICICI Bank Ltd BHIM @upi ICICI BANK MOBILE BANKING APP (iMobile)-ANDROID ONLY @icicibank 19 IDBI Bank Ltd. BHIM @upi 20 Indian Overseas Bank BHIM @upi 21 IndusInd Bank BHIM @upi 22 Janata Sahakari Bank Ltd. BHIM @upi 23 Karnataka Bank Limited BHIM @upi 24 Karur Vysya Bank Ltd. BHIM @upi 25 Kotak Mahindra Bank Ltd. BHIM @upi 26 Mehsana Urban Co-operative Bank Limited BHIM @upi 27 Oriental Bank of Commerce BHIM @upi 28 Punjab National Bank BHIM @upi 29 Punjab & Sind Bank BHIM @upi 30 RBL Bank Limited BHIM @upi 31 Rajkot Nagarik Sahaka .....

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