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<h1>SEBI Requires UPI for Debt Securities Applications Up to Rs. 5 Lakh Starting November 2024.</h1> The Securities and Exchange Board of India (SEBI) has mandated that individual investors applying for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitized debt instruments through intermediaries must use the Unified Payments Interface (UPI) for applications up to Rs. 5 lakh. This aligns the process with that of equity shares and convertibles. Investors can still use other methods like Self Certified Syndicate Banks and Stock Exchange Platforms. These provisions apply to public issues opening on or after November 1, 2024, under SEBI's regulatory framework to protect investors and streamline market operations.