Sub: Streamlining the Process of Public Issue of Equity Shares and Convertibles
The Self Certified Sponsor Banks(SCSBs) are hereby informed that Securities and Exchange Board of India (SEBI) vide its circular no SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 01, 2018 regarding Streamlining the Process of Public Issue of Equity Shares and Convertibles has decided to introduce the use of Unified Payments interface (UPI) as a payment mechanism with ASBA for applications in public issues by retail individual investors.
In this regard, the Exchange shall be providing Application Protocol Interface (API) for effective handling of UPI payment mechanism for Sponsor Banks. The Self Certified Syndicate Banks (SCSBs) are requested to get in touch on following co-ordinates for details on API and other aspects of testing/UAT:
For further details on the facility of Unified Payments interface (UPI) as a payment mechanism with Application Supported by Block Amount (ASBA), the Self Certified Syndicate Banks (SCSBs) are requested to refer the aforesaid SEBI circular (Annexure I).
Bhushan Mokashi
Additional General Manager
Listing Sales & Ops
November 6, 2018
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