Answer
Apply for an IPO with 5paisa without a UPI ID using the ASBA method via your bank’s net banking. Block funds directly through your bank’s website to act as a secure alternative to UPI.
Log in to your bank’s website, go to the IPO/ASBA section, enter your 5paisa Demat account details, and block the required amount. Funds are only deducted if you receive the allotment.