Current Affairs - Finance - Discussion
Discussion Forum : Finance - Latest Current Affairs (Q.No. 72)
72.
What is the maximum amount for which SEBI mandates the use of UPI for debt security bids?
Answer: Option
Explanation:
SEBI has mandated that individual investors must use UPI to block funds when applying for public debt securities up to ₹5 lakh. This regulation, effective from November 1, 2024, requires investors to include a UPI ID linked to their bank account in their bid-cum-application form. The aim of this directive is to enhance investor protection and improve regulation within the securities market, ensuring a more secure transaction process for participants in public debt offerings.
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