Revision of UPI limits in Public Issue of Equity Shares and convertibles

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....tock Brokers Registered Merchant Bankers Registered Registrars to an Issue and Share Transfer Agents Depositories and Registered Depository Participants Registered Bankers to an Issue Self Certified Syndicate Banks (SCSBs) National Payments Corporation of India (NPCI) Dear Sir / Madam, Sub: Revision of UPI limits in Public Issue of Equity Shares and convertibles 1. SEBI vide C....

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....the processing of applications with increased UPI limit and confirmed that as on March 30, 2022, more than 80% of SCSBs/Sponsor Banks/UPI Apps have conducted the system changes and have complied with the NPCI provisions. 4. Accordingly, it has been decided that all Individual Investors applying in Public Issues where the application amount is upto 5 Lakhs shall use UPI and shall also provide th....