Retail investors will soon be able to invest up to Rs 5 lakh in debt securities through UPI.
Retail investors will soon be able to invest up to Rs 5 lakh in debt securities through UPI. Markets regulator SEBI today (March 08) has increased the limit of UPI payment for the purchase of public issue of debt securities. Now retail investors will be able to invest Rs 5 lakh instead of Rs 2 lakh. This has made it convenient for the investors. The new framework issued by market regulator Securities and Exchange Board of India (SEBI) will be applicable for public issues of debt securities opened on or after May 1, 2022.
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You can invest only up to Rs 2 lakh now
As per the existing SEBI rules, retail investors can block application value up to Rs 2 lakh through the UPI (Unified Payment Interface) mechanism if they want to invest in public issue of debt securities. However, now after consultation with the market participants and to increase the convenience of investors, SEBI has decided to increase the investment limit through UPI mechanism from Rs 2 lakh to Rs 5 lakh, which will benefit retail investors from May 1. After the implementation of this framework, retail investors can block application value up to Rs 5 lakh through the UPI mechanism.
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NPCI had increased the limit last year
UPI is an instant payment system developed by the National Payments Corporation of India (NPCI). Through this, you can transfer money from one account to another instantly. NPCI last year in December 2021 had announced to increase the per transaction limit for UPI based Application Supported by Blocked Amount (ASBA) IPO from Rs 2 lakh to Rs 5 lakh.
(Input: PTI)
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