Will the existing non-UPI channels for making application in public issues will be available for retail investors after introduction of UPI?
- Yes. In Phase I, all existing channels will be available for
- From Phase II onwards, the option of submitting non-UPI
application with intermediaries would be discontinued.
- Phase II onwards,
investors submitting application forms with intermediaries have to necessarily
use UPI as a payment mechanism.
- The other existing channels, such as submitting
applications direction with SCSBs or using 3-in-type accounts will continue to