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of <h1>SEBI Raises UPI Limit for Retail Investors in Public Issues to Rs. 5 Lakh, Effective May 1, 2022.</h1> The Securities and Exchange Board of India (SEBI) has revised the Unified Payment Interface (UPI) transaction limit for retail individual investors in public issues of equity shares and convertibles. Effective May 1, 2022, the maximum application amount using UPI is increased from Rs. 2 lakh to Rs. 5 lakh. This change applies to applications submitted through syndicate members, registered stock brokers, depository participants, and registrars to an issue and share transfer agents. The National Payments Corporation of India (NPCI) confirmed that over 80% of relevant entities have updated their systems to accommodate this increase.
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