TMI BlogStreamlining the Process of Public Issue of Equity Shares and convertibles-Implementation of Phase II of Unified Payments Interface with Application Supported by Block AmountX X X X Extracts X X X X X X X X Extracts X X X X ..... ic Issue of Equity Shares and convertibles-Implementation of Phase 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. Imp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Further, he/she shall also ensure that the name of the app and the UPI handle being used for making the 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 publ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 Axis Bank Ltd BHIM @upi BHIM AXIS Pay @axisbank 4 Bandhan Bank BHIM @upi 5 Bank of Baroda BHIM @upi 6 Bank of India BHIM @upi 7 Central Bank of India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... @hdfcbank 17 HSBC Bank BHIM @upi HSBC SIMPLY PAY (ANDROID iOS) @hsbc 18 I CICI Bank Ltd BHIM @upi ICICI BANK MOBILE BANKING APP (iMobile)-ANDROID ONLY @icicibank 19 IDBI Bank Ltd. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 29 Punjab Sind Bank BHIM @upi 30 RBL Bank Limited BHIM @upi 31 Rajkot Nagarik Sahakari Bank Ltd BHIM @upi 32 South Indian Bank BHIM @upi 33 State Bank of India BHIM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 42 UCO Bank BHIM @upi 43 Union Bank of India BHIM @upi 44 United Bank of India BHIM @upi 45 YES Bank Ltd. BHIM @upi *As on July 26, 2019 - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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