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How many days does it take for a cheque to be cleared for an application of an IPO?

How many days does it take for a cheque to be cleared for an application of an IPO?

Updated 4 November 2025

Language: EN

Cheques were a conventional mode of payment while applying for an IPO. It used to take 3 to 5 days to get refunds after the allotment. Nowadays, you can apply through ASBA (Application Supported by Bank Account) either online or offline.

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