Question
The Reserve Bank of India, recently has proposed to
hike UPI (Unified Payment Interface) transaction limit for investing in IPO to………………….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.
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