ASBA like facility for Secondary Market – A Game Changer for Indian Stock Market

How the UPI Block Facility Mirrors ASBA: Lessons from the Primary Market
- Availing of the UPI block facility shall be at the investor’s discretion.
- It shall be introduced as a non-mandatory facility to be provided by the stock broker.
- Since an investor can hold multiple trading accounts under different brokers, he/she can choose to avail of the UPI block facility under some brokers and the non-UPI-based trading facility under others.
- Single block limit of Rs. 5 lakhs shall apply. However, multiple blocks can co-exist subject to the overall limit applicable in UPI.
- All investors that are permitted to use the RBI’s UPI Facility and meet the criteria defined by Clearing Corporations are eligible to avail of this facility.
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