How to create a UPI id, set UPI PIN and Apply IPO

From the 1st July 2019, all retail applications in public issue of Equity IPO to be made through UPI mode.

Here is a full information how to create or generate UPI id and what need when creating UPI ID.

Now, IPO through UPI mechanism in Retail Category is only on working on Bhim Application

 When creating UPI id you need following ?

  1. Mobile number (must linked with bank A/c number )
  2. Bank A/c having UPI accessibility
  3. Debit card ( require Active debit card of the same bank to reset UPI PIN)


Note: One should note in mind that if you have one bank account registered with the bolt (brokerage firm) you will require only debit card.

Following bank names which supported by Bhim Application:

  • Adarsh Co-operative Bank Limited
  • Aditya Birla Idea Payments Bank
  • Airtel Payment Bank
  • Allahabad Bank
  • Allahabad UP Gramin Bank
  • Andhra Bank
  • Andhra Pradesh Grameena vikas Bank
  • Andhra Pragathi Gramina Bank
  • Apna Sahakari Bank Ltd
  • Assam Gramin Vikas Bank
  • Axis Bank
  • Bandhan Bank Ltd
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Baroda Gujarat Gramin Bank
  • Baroda Rajasthan Kshetriya Gramin Bank
  • Baroda UP Gramin Bank
  • Bassein Catholic Co-Operative Bank
  • Canara Bank
  • Catholic Syrian Bank
  • Central Bank of India
  • Chatisgarh R G Bank
  • Citibank
  • City Union Bank
  • Cosmos Bank
  • Corporation Bank
  • DBS Bank LTD
  • DCB Bank
  • Dena Bank
  • Dena Gujarat Gramin Bank
  • Dhanlaxmi Bank Ltd
  • Dombivali Nagri Sahakari Bank
  • Equitas Bank
  • Federal Bank
  • Fino Payment Bank
  • GP Parsik Bank
  • GS Mahanagar Coop Bank
  • HDFC Bank
  • HSBC
  • Hutatma Sahakari Bank Ltd
  • ICICI Bank
  • IDBI BankLtd
  • IDFCFirst Bank
  • Indian Bank
  • Indian Overseas Bank
  • IndusInd Bank
  • Jalgaon Janata Sahakari Bank Ltd
  • Jammu and Kashmir Bank
  • Jana Small Finance Bank Ltd
  • Janata Small Sahakari Bank Ltd Pune
  • KAIJSB- lchalkaranji
  • Karnataka Bank
  • Karnataka Gramin Bank
  • Karnataka Vikas Grameena Bank
  • Karur Vysya Bank
  • Kerala Gramin Bank
  • Kotak Mahindra Bank
  • Lakshmi Vilas Bank
  • Langpi Dehngi Rural Bank
  • Maharashtra Gramin Bank
  • Maharashtra State Co-Operative Bank Ltd
  • Manipur Rural Bank2
  • Meghalaya Rural Bank
  • Mizoram Rural Bank
  • NKGSB Bank
  • Oriental Bank of Commerce
  • Paschim Banga Gramin Bank
  • Paytm Payment Bank
  • Pragathi Krishna Gramin Bank
  • Prethama Bank
  • Punjab and Maharashtra Co-Operative Bank
  • Punjab and Sind Bank
  • Punjab National Bank
  • Purvanchal Bank
  • Rajasthan Marudhara Gramin Bank
  • Rajkot Nagrik Sahakari Bank ltd
  • RBL Bank
  • Samruddhi Co-Operative Bank Ltd, Nagpur
  • Saraswat Bank
  • Sarva haryana Gramin bank
  • Saurashtra Gramin Bank
  • South Indian Bank
  • Standard Chartered Bank
  • State Bank of India
  • Suco Souharda sahakari Bank Ltd
  • Surat People Cooperative Bank
  • SVC Cooperative Bank
  • Syndicate Bank
  • Tamilnad merchantile Bank
  • Telangana Grameena Bank
  • Thane Bharat Sahakari Bank Ltd
  • The Ahmedabad Dist. Coop bank Ltd
  • The Ahmedabad Mercantile Co Op bank Ltd
  • The Gujarat state Co Operative bank
  • The Hasti Co-Operative Bank Ltd
  • The Kalyan Janata Sahakari Bank Ltd
  • The Mehasana Urban Coop Bank Ltd
  • The Udaipur Mahila Samridhi urban Co-Operative Bank Ltd
  • The urban Co-operative Bank Ltd Dharangaon
  • The Vishweshwar Sahakari Bank Ltd Pune
  • TJSB Sahakari Bank Ltd
  • Tripura Gramin Bank
  • Uco Bank
  • Ujjivan Small Finance Bank
  • Union Bank of India
  • United Bank of India
  • Uttarakhand Gramin Bank
  • Vananchal Gramin Bank
  • Vasai Vikas Sahakari Bank Ltd
  • Vijaya Bank
  • Yes Bank


How to create the UPI ID?

From the using following simple steps you can create the UPI ID at scratch.

  1. Download and Install BHIM APP from the Google Play store, if you are using Iphone download app from Apple App store)                                                                                                  Bhim App Link: Click Here                                                                                                                                                                   how to create upi id
  2. After successfully download choose language.(Preferred)
  3. Verify your mobile number registered with your bank Account
  4. Login by Setting a 4 Digit Application Password (It will use whenever you will login)
  5. Click on bank and select you Bank Account
  6. Now Give a detail of Last 6 digit and expiry date of Debit card
  7. Set your UPI PIN
  8. If you have multiple Bank Account linked with same mobile number, make sure connect one account and use as primary Account
  9. Normally UPI Id by default generate as a User’s Mobile Number@upi For Example if your Mobile Number is 9876543210and By default UPI id will generate as 9876543210@upi.
  10. When Filling the IPO Application form, Enter UPI ID generated by you
  11. After this process the sponsor bank request the investor to block the amount through UPI Applications
  12. Investor Confirm UPI request to block the fund.


The following facility give Bhim App

  1. You will send and receive money directly in bank Account
  2. Pay Electricity bills, DTH, Water bills, Broadband Postpaid Bills, Gas bills, landline Postpaid, mobile postpaid.

Now, Above facility giving Bhim App.


UPI transactions Limit Per Day

A Bhim user can transect upto Rs. 20,000 per transections and up to Rs. 40,000 on one bank account within the time period of 24 Hours.


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