📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The Reserve Bank of India, recently has proposed to

    hike UPI (Unified Payment Interface) transaction limit for investing in IPO to………………….
    A 2.00 lakhs Correct Answer Incorrect Answer
    B 3.00 lakhs Correct Answer Incorrect Answer
    C 4.00 lakhs Correct Answer Incorrect Answer
    D 5.00 lakhs Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

        The Reserve Bank of India, recently has proposed to hike UPI (Unified Payment Interface) transaction limit for investing in IPO to 5.00 lakh. The Reserve Bank of India (RBI), in its bi-monthly monetary policy review on December 8, 2021, announced that it has enhanced the investment limit via UPI in IPOs and RBI Retail Direct Scheme for G-Secs to Rs 5 lakh. The current limit is Rs 2 lakh for making investments in IPO and or buying government bonds via RBI Retail Direct Scheme.

    Practice Next
    More Banking System in India Questions

    Relevant for Exams:

    ask-question