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Limit of Public Debt Investment via UPI increased upto Rs 5 Lakhs by SEBI

The Securities and Exchange Board of India (SEBI) has raised the investment limit for retail investors applying in public debt securities issuance via the universal payments interface (UPI) mechanism to Rs 5 lakh from Rs 2 lakh previously. The move comes after the National Payments Corporation of India NPCI decided to increase the per transaction limit for UPI-based applications supported by blocked amount ASBA initial public offering.

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KEY POINTS:

  • It has been decided to enhance the ceiling for investment through UPI mechanism to 5 lakh based on consultations with market participants, in order to bring about uniformity in the requirements and for ease of investment for investors.
  • From May 1, 2022, the new investment limit will apply to public debt securities offerings.
  • Investors can apply in public debt securities issues with the option of blocking money through the UPI (unified payment interface) mechanism for an application value of up to Rs 2 lakh, according to current Sebi rules.
  • Sebi has decided to enhance the ceiling for investment using UPI mechanism to Rs 5 lakh, based on consultations with market participants and in order to introduce uniformity in the requirements as well as to make investing easier for investors.
  • The investor can use the method to block money for up to Rs 5 lakh in application value per application.
  • The National Payments Corporation of India invented UPI, an immediate payment mechanism. It lets money to be transferred instantly between the accounts of any two people.

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Limit of Public Debt Investment via UPI increased upto Rs 5 Lakhs by SEBI_50.1Limit of Public Debt Investment via UPI increased upto Rs 5 Lakhs by SEBI_60.1

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