SEBI Mandates UPI for Retail Applications in Public Debt Securities, Streamlining Digital Payments for Investors.

Banking & Finance

The Securities and Exchange Board of India (SEBI) has mandated that, starting November 1, 2024, retail investors must use UPI (Unified Payments Interface) to block funds for applications related to public debt securities.


      - This requirement applies to applications for amounts up to ₹5 lakh submitted through stock brokers.

     

     

Main Points:-   (i) SEBI mandates that individual investors applying for public securities up to ₹5 lakh through intermediaries must use UPI to block funds.

      (ii) SEBI amended rules to streamline the process for public issuance of debt securities aimed at providing faster access to funds for such issuers.


About SEBI,

Chairperson: Madhabi Puri Buch
Headquarters: Mumbai
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