Why is my payment status still showing as pending even after approving the payment mandate?

Once you approve the UPI mandate for your IPO application, the payment status may take up to 24 hours to update.

This happens because:

  • The exchange processes and updates the payment status based on bank confirmations.
     
  • The funds are blocked in your sponsor bank, but the system might take time to reflect this status update.
     

Important points to note:

  • As long as the amount is blocked in your bank account, your IPO bid is considered valid.
     
  • If the status does not update within 24 hours, check your UPI app and bank statement to confirm whether the funds are blocked.
     
  • If the funds are not blocked, you may need to reapply for the IPO before the bidding deadline.