New UPI Rules for Debt Securities by SEBI.

Starting November 1, 2024, Retail Investors applying for public issues of debt securities through stock brokers must use UPI to block funds for amounts up to ₹5 lakh, as per new guidelines from the Securities and Exchange Board of India (SEBI). While UPI will be mandatory for these transactions, individual investors can still opt for other payment methods through the stock exchange platform. This rule applies to public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitized debt instruments.