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SEBI i.e. Securities and Exchange Board of India has given a giant aid to small buyers investing in IPO. SEBI has allowed particular person buyers to make use of UPI fee to spend money on IPOs. SEBI has modified the foundations saying that now even small buyers will be capable to simply spend money on fairness shares and use Unified Payment Interface (UPI) to speculate cash in IPO. Its restrict has been stored as much as Rs 5 lakh. Let us inform you that for the primary time within the 12 months 2019, SEBI had permitted the fee by UPI within the IPO. But, now its restrict has been elevated to Rs 5 lakh.
It is price noting that NPCI i.e. National Payments Corporation of India had made adjustments within the fee guidelines not too long ago. After this, SEBI has additionally elevated the restrict for IPO UPI fee to Rs 5 lakh. Earlier this restrict was solely Rs 2 lakh. This new rule can be applied from 1 May 2022. Now any individual can do UPI transactions as much as Rs 5 lakh in a day.
UPI ID is obligatory
Let us inform you that SEBI has stated that if an investor needs to speculate cash in IPO via UPI, then for this, UPI ID must be created first. The individual investing out there must give UPI ID whereas transferring shares, whereas registering any downside and so on. In such a state of affairs, it is extremely necessary to make this ID.
NPCI had elevated the restrict for UPI fee
Let us inform you that within the month of December 2021, NPCI, the rule making physique for UPI fee, elevated the restrict of fee via UPI from 2 lakh to five lakh. This has benefited each authorities bonds and buyers investing in IPOs. With this, even small buyers will now be capable to simply make investments cash within the inventory market via UPI. This new rule can be applied for IPO from 1 May 2022.
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