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The facility is based on blocking of funds for trading in the secondary market through UPI, and initially, the facility will be optional for investors as well as stock brokers. The facility has been initially rolled out for the equity cash segment.
The move follows markets regulator Sebi allowing the facility through the UPI app developed by the National Payment Corporation of India (NCPI).
Investors can block specific amount for multiple debit transactions for trading in the stock market through the mechanism
The move follows markets regulator Sebi allowing the facility through the UPI app developed by the National Payment Corporation of India (NCPI).
A stupendous run during the last week of 2023 saw benchmark indices giving a strong breakout on the upside and clocking nearly 2% gains.