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 on Wednesday proposed to increase Unified Payment Interface (UPI) transaction limit for investing in Initial Public Offerings to ₹ 5 lakh from its current limit of ₹ 2 lakh. 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 .
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