Question
What is the enhanced transaction limit for payments made
through UPI under the Retail Direct Scheme and for IPO applications, as per RBI’s latest update?Solution
The Reserve Bank of India (RBI) has progressively increased the transaction limits on UPI to encourage wider adoption in retail investment avenues: • Initially, the limit for UPI transactions was ₹1 lakh. • In March 2020, this was raised to ₹2 lakh. • With the growing use of UPI for Initial Public Offerings (IPOs) and under the Retail Direct Scheme (launched to enable retail investors’ participation in G-secs), RBI further increased the limit to ₹5 lakh. This higher threshold accommodates larger applications in IPOs and government securities markets, supporting greater participation from retail investors.
The Unorganised Workers' Social Security Act 2008 has been subsumed in the Code on Social Security, 2020. The Code has come into force with effect from ...
What is the purpose of India's procurement of MQ-9B SeaGuardian drones?
Which Indian breed was used to develop the gene-edited lamb in the SKUAST-Kashmir project?
Which of the following public sector bank recently launch “Vyom App” where customers can do transactions beyond traditional banking?
Which organization awarded the village of Dhordo in Kutch district of Gujarat the title of "Best Tourism Village"?
In December 2021, Prime Minister Narendra Modi has been conferred with the highest civilian award of __________, Ngadag Pel gi Khorlo, on the occasion o...
What significant milestone did Rohit Sharma achieve in T20 cricket?
What is the reported gross non-performing asset (NPA) range for AHFCs?
Which country highest civilian award has been bestowed upon on Sri Ravi Shankar ?
Which mode of transport will be promoted as an energy-efficient and lower cost mode of transport for passengers and freight through PPP mode with viabil...
Relevant for Exams:
