Question
What is the current transaction limit for payments
through UPI for Retail Direct Scheme and IPOs?Solution
Reserve Bank has been making efforts to facilitate greater participation of retail customers in financial markets, e.g. investment in the G-secs segment through the recent launch of Retail Direct Scheme, where UPI, in addition to other options such as internet banking, can be used to make payments for participating in both the primary and secondary markets. Over time, UPI has also become a popular payment option for Initial Public Offerings (IPOs) since its availability from January 01, 2019. It is reported that IPO applications of ₹2 to ₹5 lakh constitute approximately 10 per cent of subscription applications. The transaction limit in the UPI system was enhanced from ₹1 lakh to ₹2 lakh in March 2020. To further encourage the use of UPI by retail investors, it is proposed to enhance the transaction limit for payments through UPI for Retail Direct Scheme and IPO applications from ₹2 lakh to ₹5 lakh .
A large farming estate where a single cash crop is grown primarily for sale and export is called a:
Agricultural and Processed Food Products Export Development Authority (APEDA) has its headquarter at
Which is the following nutrient is responsible for the seed germination and flowering in plants?
Which among the following is a method of identifying leader?
The ability of a microorganism to cause disease is called........................?
What is a product?
Name the vegetative propagation techniques where the plant part to be cut is rooted before it is completely cut away from the parent plant.
Which method is commonly used to propagate herbaceous perennials?
The measurement of drought is expressed inÂ
Pusa Kanchan is a variety of:
