India's Sebi mandates UPI for individual debt securities applications up to Rs 5 lakh, from Nov 1.
India's Securities and Exchange Board (Sebi) has mandated that individual investors applying for up to Rs 5 lakh in public debt securities must use the Unified Payments Interface (UPI) starting November 1. This change aims to streamline the application process, aligning it with equity shares. Alternative methods like Self-Certified Syndicate Banks remain available. Sebi also updated rules to expedite the public issuance process for debt securities.
September 24, 2024
11 Articles