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.
A sum of Rs. 40,000 is invested in SIP 'E' which offers 8% p.a. simple interest for 6 years. The interest received from SIP 'E' is invested in SIP 'F' w...
A sum of money will amount to Rs. 640 in 2 year & in 3 year it is to be 720 in compound interest . Find the rate of interest?
The difference between the compound interest compounded annually and simple interest of a sum at 15% p.a. for 2 years is Rs. 270. Find the sum.
If the compound interest on a certain sum of money for two years at 9% p.a. is ₹3,762, then the sum is:
A person invested Rs. 7500 at a simple interest rate of 12% per annum, and also invested Rs. 8000 at a compound interest rate of 15% per annum, compound...
Rs. 33000 was partly lent at 5% & remaining at 8% S.I. If total interest received from both was Rs. 6930 in 3 years. Then find the amount kept at 5%...
The simple interest earned on 2,400 at a rate of 5% per annum for 3 years is RS x and RS 1,736 is the simple interest earned on RS 6,200 at a rate of 14...
What will be the ratio of simple interest earned on certain amount at the same rate of interest for 6 years and that for 14 years?
A certain sum placed at simple interest grows to Rs. 9,450 in 2 years and Rs. 13,050 in 6 years. Find the invested amount.
- Neha deposits Rs. 9,000 at a simple interest rate of 7% per annum for 5 years. What amount will she get at the end of the term?
Relevant for Exams:
