Question

What is the maximum application amount that individuals

SEBI said that individual investors applying in public issues of equity shares and convertibles can use UPI for application amounts up to Rs 5 lakhs.

can utilize UPI for, as per the guidelines issued by SEBI for public issues of equity shares and convertibles?

A Rs. 5 lakh

B Rs. 7 lakhs

C Rs. 4 lakhs

D Rs. 9 lakhs

E Rs. 8 lakhs

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Solution