On Tuesday, SEBI has increased the investment limit for payments through the UPI mechanism for retail investors buying debt securities in public issues to Rs 5 lakh from Rs 2 lakh at present to bring ease of investment for investors.
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The new framework will apply to public issues of debt securities that open on or after May 1, 2022, the Securities and Exchange Board of India (Sebi) said in a circular.
The current Sebi rules allow investors to apply in public issues of debt securities with the facility to block funds through the UPI (unified payment interface) mechanism for application value of up to Rs 2 lakh.
