Get Started with ixamBee
Start learning 50% faster. Sign in now
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 .
What was the trade deficit of India with China in the fiscal year 2023-24?
Which Indian state tops in issuing passports to women, according to data till 2023?
How much of India’s total gold reserve is now held domestically, as per RBI’s recent data?
How deep is the Rajon ki Baoli stepwell, recently restored in New Delhi?
Which of the following statements about Ladakh's Pangong Lake marathon is/are incorrect?
Abhinav Bharat Society of revolutionaries was organized by -
What is the name of the new security feature launched by Punjab National Bank (PNB) for its internet and mobile banking systems?
Rafiq Tarar, recently died, was the former president of which country?
What is the theme of National Dengue Day 2025?
