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of <h1>SEBI Launches UPI for Public Debt Issues: Streamlined Applications Up to Rs. 2 Lakh Effective January 2021.</h1> The circular issued by SEBI introduces the Unified Payments Interface (UPI) mechanism and an online application interface to streamline public issues of securities under various SEBI regulations. Effective from January 1, 2021, investors can apply for public issues of debt securities using UPI for amounts up to Rs. 2 lakh, either through stock exchanges' web/app interfaces or intermediaries like stock brokers and depository participants. The circular outlines the roles of entities like the National Payments Corporation of India, stock exchanges, and sponsor banks in this process. It mandates real-time validation of investor details and coordination among all entities to ensure timely listing and trading of securities.
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