UPI must for bids up to ₹5 lakh in public debt issues: SEBI
SEBI has made UPI mandatory for blocking funds while applying for public issues of debt securities through intermediaries. The order, effective from November 1, will be applicable where the application amount is up to ₹5 lakh. Investors will need to provide their bank account-linked UPI ID in the bid-cum-application form submitted with intermediaries.