UPI limit for investing in IPOs, RBI Retail Direct Scheme Govt bonds Increased!!

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UPI Transaction Limits RBI per day
UPI Transaction Limits RBI per day

UPI Transaction Limits RBI per day (Retail Direct Scheme)!! UPI which is elaborated as Unified Payments Interface is an instant real-time payment system developed by National Payments Corporation of India (NPCI) facilitating inter-bank peer-to-peer and person-to-merchant transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform. As of December 2020, there are 207 banks available on UPI with a monthly volume of 3.5 billion transactions and a value of 4.5 trillion UPI witnessed 4.1 billion transactions till April 2021.  Now the money limit for investing in initial public offering and Reserve Bank of India Retail Direct Scheme govt bonds get hiked to 5 lakhs.

IPO is an initial public offering or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also retail investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges.  This policy is announced by Reserve bank of India in its bi-monthly monitory policy review on 8th December of this year 2021.

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