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<h1>SEBI Raises UPI Investment Limit for Non-Convertible Securities to Rs. 5 Lakh, Effective May 1, 2022.</h1> The Securities and Exchange Board of India (SEBI) has revised its operational circular concerning the issuance and listing of non-convertible securities, securitized debt instruments, security receipts, municipal debt securities, and commercial paper. Effective from May 1, 2022, the circular increases the limit for investments through the Unified Payments Interface (UPI) mechanism from Rs. 2 lakh to Rs. 5 lakh per application. This change aims to standardize requirements and facilitate investment processes for investors. Amendments to the circular include modifications to application procedures and definitions related to the UPI mechanism for public issues of debt securities.