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.
Find the wrong number in given number series.
1116, 1135, 1158, 1187, 1224, 1278.
- Find the wrong number in the given number series.
5, 11, 21, 41, 65, 95 18 45 90 235 450 1125 2250
...34, 51, 85, 119, 185, 221
- Find the wrong number in the given number series.
5, 10, 20, 35, 80, 160 79, 152, 231, 314, 405, 500
20, 95, 220, 275, 620, 895
12, 28, 64, 128, 228, 379
Find the wrong number in the given number series.
3, 8, 26, 102, 398, 1639Find the wrong number in the given number series.
12, 16, 28, 48, 78, 112
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