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 .
During the period when moratorium is declared by the Adjudicating Authority which of the following is prohibited?
First Information Report is not a substantive evidence, it can be used during trial for the following
Which section of the Insurance Act deals with the provisions relating to the restrictions on the opening of a new place of business?
If Judgment Debtor obstructs delivery of possession of property______?
The Supreme Court may grant special leave to appeal from any judgment, decree, determination, sentence or order in any cause or matter passed or made by:
A, for the purpose of inducing B to resist from prosecuting a civil suit, threatens to burn B's house. A is guilty of
As per the Bharatiya Nyaya Sanhita, 2023 ____________ means a group of two or more persons who, acting either singly or jointly, as a syndicate or gang...
In tort law, what is the term for a wrongful act that leads to confinement or restraint of another person against their will?
Section 111 of the Bharatiya Nyaya Sanhita, 2023 introduces the offence of ___________________
A listed company or an aggrieved investor may file an appeal before the Securities Appellate Tribunal against the decision of the recognised stock excha...
