Higher UPI limit may not aid retail IPO investors instantly

Higher UPI limit may not aid retail IPO investors instantly

The central bank’s decision to increase the ceiling on using the Unified Payments Interface (UPI) system for subscribing to initial public offerings (IPOs) would not immediately boost retail investors’ participation, experts said.
The current upper limit for UPI transactions in IPOs was raised from Rs1 lakh in March last year to Rs2 lakh. Read more..