Question

What is the maximum application amount that individuals can utilize UPI for, as per the guidelines issued by SEBI for public issues of equity shares and convertibles? 

A Rs. 5 lakh Correct Answer Incorrect Answer
B Rs. 7 lakhs Correct Answer Incorrect Answer
C Rs. 4 lakhs Correct Answer Incorrect Answer
D Rs. 9 lakhs Correct Answer Incorrect Answer
E Rs. 8 lakhs Correct Answer Incorrect Answer

Solution

SEBI said that individual investors applying in public issues of equity shares and convertibles can use UPI for application amounts up to Rs 5 lakhs.

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