Investing via UPI: Daily transaction limit to be raised to ₹5 lakh from ₹2 lakh, says Sebi
1 month, 2 weeks ago

Investing via UPI: Daily transaction limit to be raised to ₹5 lakh from ₹2 lakh, says Sebi

Live Mint  

Capital markets regulator Securities Exchange Board of India has alluded that the daily transaction limit for capital market transactions is set to be raised to ₹5 lakh. The daily transaction limit currently stands at ₹2 lakh. In the analysis, it was observed that individual transactions below one lakh accounts for 92.9 percent of total transactions whereas transactions between ₹1 lakh to less than 2 lakh constitute 3.9 percent and transactions between 2-3 lakh constitute 1.3 percent. Category ₹ <1 lakh ₹ 1-2 lakh ₹ 2-3 lakh One transaction 92.9% 3.9% 1.3% Transactions in a day 91.5% 4.6% 1.6% Based on this analysis, Sebi has now proposed to set the upper limit of upto ₹5 lakh per day.

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History of this topic

ESIC looks to invest in stock market, awaits SEBI nod
2 weeks, 2 days ago

ESIC looks to invest in stock market, awaits SEBI nod

The Hindu  

The Employees’ State Insurance Corporation is looking to invest surplus funds in the stock market through exchange traded funds and is awaiting markets regulator Securities and Exchange Board of India ’s nod for exemption from the ₹25-crore per transaction limit. As of March 31, 2024, the social security body’s investments in government and other securities, bonds and debentures, fixed deposits …

SEBI's total income rises 48% to ₹2,075 crore in 2023-24
2 weeks, 4 days ago

SEBI's total income rises 48% to ₹2,075 crore in 2023-24

The Hindu  

Capital markets regulator SEBI's total income rose 48% year-on-year to ₹2,075 crore in 2023-24, driven by increased earnings from fees and subscriptions. Of the total income, the regulator earned a fee income of ₹1,851.5 crore, which was way higher than ₹1,213.22 crore garnered in the preceding financial year, according to Sebi's annual statement of accounts 2023-24 made public on Tuesday. …

Mint Explainer: Sebi’s latest reforms for SME IPOs, merchant bankers, and mutual funds
3 months ago

Mint Explainer: Sebi’s latest reforms for SME IPOs, merchant bankers, and mutual funds

Live Mint  

On 18 December, the Securities and Exchange Board of India approved several key amendments to improve business operations, investor protection, and the efficiency of market participants. In its 208th board meeting, Sebi strengthened the SME IPO framework by introducing stricter requirements for financial viability and new regulations for risk-verification, related-party transactions, and lock-in periods, while also establishing the Past Risk …

Reserve Bank of India raises UPI Lite wallet limit from ₹2,000 to ₹5,000
Trending News
3 months, 2 weeks ago

Reserve Bank of India raises UPI Lite wallet limit from ₹2,000 to ₹5,000

Op India  

The Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000. As per the new rules introduced today, the upper transaction limit for UPI Lite under offline framework has been increased from Rs 500 to Rs 1,000 per transaction. “The offline framework has been updated and the enhanced limits for …

RBI increases UPI Lite wallet limit to ₹5,000, transaction cap to ₹1,000
3 months, 2 weeks ago

RBI increases UPI Lite wallet limit to ₹5,000, transaction cap to ₹1,000

Hindustan Times  

The Reserve Bank of India on Wednesday increased the UPI Lite wallet limit to ₹5,000 and per-transaction limit to ₹1,000. ".the enhanced limits for UPI Lite shall be ₹1,000 per transaction, with ₹5,000 being the total limit at any point in time," said a Reserve Bank circular, PTI reported. 5000 in their UPI Lite wallet at any given time. UPI …

RBI revises wallet limit for UPI Lite from Rs 2,000 to Rs 5,000: Check new guidelines
3 months, 2 weeks ago

RBI revises wallet limit for UPI Lite from Rs 2,000 to Rs 5,000: Check new guidelines

India TV News  

In a significant development, the Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000. According to the new rules introduced, the upper transaction limit for UPI Lite under offline framework has been increased from Rs 500 to Rs 1,000 per transaction. Check new guidelines As per the new regulations, …

RBI enhances UPI tax payment limit to ₹5 lakh per transaction
7 months, 2 weeks ago

RBI enhances UPI tax payment limit to ₹5 lakh per transaction

The Hindu  

The Reserve Bank of India has decided to enhance the limit for tax payments via UPI from ₹1 lakh to ₹5 lakh per transaction, Governor Shaktikanta Das announced on Thursday. “As direct and indirect tax payments are common, regular and high value, it has been decided to enhance the limit for tax payments through UPI from ₹1 lakh to ₹5 …

Daily UPI transactions crossed 36 crore in one year: RBI Governor
2 years ago

Daily UPI transactions crossed 36 crore in one year: RBI Governor

Hindustan Times  

Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022. Reserve Bank of India Governor Shaktikanta Das In value terms, these transactions are worth ₹6.27 lakh crore, registering a growth of …

SEBI caps fees for investment advisers
5 years, 1 month ago

SEBI caps fees for investment advisers

The Hindu  

The Securities and Exchange Board of India has amended the regulatory framework for investment advisers to introduce a cap on the maximum fee such entities can charge to investors while segregating the advisory and distribution activities to minimise conflict of interest issues. 2.5% of assets The board of the capital markets watchdog, which met in Mumbai, approved the amendment in …

SEBI hikes portfolio management scheme limit to Rs 50 lakh, networth requirement to Rs 5 cr
5 years, 4 months ago

SEBI hikes portfolio management scheme limit to Rs 50 lakh, networth requirement to Rs 5 cr

Firstpost  

With a view to keep retail investors away from portfolio management schemes, SEBI on Wednesday decided to raise the minimum investment amount of clients for such schemes to Rs 50 lakh from the earlier Rs 25 lakh New Delhi: With a view to keep retail investors away from portfolio management schemes, SEBI on Wednesday decided to raise the minimum investment …

Sebi hikes portfolio management scheme limit to Rs 50 lakh, networth requirement to Rs 5 cr
5 years, 4 months ago

Sebi hikes portfolio management scheme limit to Rs 50 lakh, networth requirement to Rs 5 cr

India TV News  

With a view to keep retail investors away from portfolio management schemes, Sebi on Wednesday decided to raise the minimum investment amount of clients for such schemes to Rs 50 lakh from the earlier Rs 25 lakh. Besides, it has decided to increase the networth requirement of portfolio managers to Rs 5 crore from 2 crore, Sebi Chairman Ajay Tyagi …

Sebi's board to consider market reforms this week
10 years, 9 months ago

Sebi's board to consider market reforms this week

India TV News  

New Delhi: With the aim of reviving the primary market, Sebi will this week consider wide-ranging rule changes, including the size of share sales and a mandatory minimum 25% public shareholding for listed PSUs. The proposed measures may help the government garner almost Rs 60,000 crore through share sales in listed public sector undertakings, deepen the markets and rationalise the …

Sebi raises cash transaction limit in mutual funds to Rs 50,000
10 years, 10 months ago

Sebi raises cash transaction limit in mutual funds to Rs 50,000

The Hindu  

To expand the reach of mutual funds in the hinterland, market regulator Sebi on Thursday increased the cash transactions limit in such funds to Rs 50,000 from Rs 20,000. The Securities and Exchange Board of India,, in September 2012, >had allowed fund houses to accept up to Rs 20,000 in cash per investor, per mutual fund in a financial year. …

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