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Second phase of UPI mechanism for IPOs in place; Sebi provides banks list

The second phase of UPI as a payment mechanism commenced from July 1

Press Trust of India 

Xelpmoc Design's IPO will allow subscribers to pay via UPI for first time

Retail investors bidding for shares in an through intermediaries should make payments only through the UPI mechanism, according to the regulator.

The second phase of UPI as a payment mechanism commenced from July 1. In a circular on Friday, the watchdog provided a list of 45 banks through which retail investors can apply for using UPI mechanism.

First Published: Fri, July 26 2019. 22:52 IST
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