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  • Home
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  • DAILY CURRENT AFFAIRS:SEBI revises Investment Limit for Retail Investor through UPI

SEBI revises Investment Limit for Retail Investor through UPI

Tags: Economics/Business

The Securities Exchange Board of India (SEBI) has increased the investment limit through Unified Payment Interface (UPI) to Rs 5 Lakhs from the earlier limit of Rs 2 lakh for Individual investors  applying in Initial Public Offerings (IPO) of companies.

  • This will be applicable from 1 May 2022.

  •  This came after SEBI raised the investment limit in the debt securities of the companies to Rs 5 Lakh for investment made through UPI in March 2022.

  • In December 2021 the  National Payments Corporation of India (NPCI) increased the upper limit of UPI payments to Rs 5 Lakh from 2 Lakh for investment in  UPI based Application Supported by Blocked Amount (ASBA) in  the IPOs.

  • In 2018, SEBI had allowed UPI based payment as an payment alternative  for submitting bids in public issues, mainly to create better efficiency and reduce the listing time of an IPO to three days. 

  • The Maximum limit for UPI transaction in India is Rs 2 Lakh and the Rs 5 lakh limit is only for investment in IPO. 

For details also see 9 March 2022 post 

What is Initial Public Offering (IPO)

When an unlisted company sells its capital receipts like shares, debentures, bonds etc to the public and then gets listed on a recognised stock exchange like BSE,NSE in India ,it is called an IPO.

Capital Receipts means the paper issued by a company in the market to raise capital for investment in its business. 

Unlisted companies those companies whose  capital receipts  are 

held by the promoters and it is not listed on any recognised stock exchange . 

Important for Exam 

ASBA : Application Supported by Blocked Amount 

Current SEBI chairman : Madhabi Puri Buch 

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