Stay updated with breaking news from Blocked Amount. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In the December bi-monthly MPC meeting, RBI Governor Shaktikanta Das announced that the UPI payment limits for hospitals and educational institutions will be raised to Rs 5 lakh from Rs 1 lakh per transaction.
Mumbai, January 04, 2024: Jyoti CNC Automation Limited (the “Company”), one of the world’s leading manufacturers of metal cutting computer numerical control (“CNC”) machines with the third largest market share in India in Fiscal 2023 and twelfth larg
NL Correspondent Jammu Tawi: HDFC Bank, a leading Clearing and Settlement bank of NSE & BSE in the Cash & Equity Derivatives segments, acted as a Sponsor and Destination bank for “Trading supported by Blocked Amount in Secondary Market” that kicked off from January 01, 2024 on the Indian Stock Exchanges. SEBI and Stock Exchanges
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).