Usage of UPI by individual investors for making an application in public issue of securities through intermediaries

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....ed debt instruments; Recognised Stock Exchanges; Registered Merchant Bankers; Registered Stock Brokers; Depositories and Registered Depository Participants; Registered Bankers to an Issue; Registered Registrars to an Issue and Share Transfer Agents; and Self Certified Syndicate Banks (SCSBs) Madam/ Sir, Subject: Usage of UPI by individual investors for making an application in public issu....

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....and securitised debt instruments with that of public issue of equity shares and convertibles, it has been decided that all individual investors applying in public issues of such securities through intermediaries (viz. syndicate members, registered stock brokers, registrar to an issue and transfer agent and depository participants), where the application amount is upto Rs. 5 Lakh, shall only use UP....