The Bombay Stock Exchange (BSE) on December 29, 2023, notified regarding the trading supported by Blocked Amount in Secondary Market – UPI Mechanism.
The SEBI issued a circular on “Trading Supported by Blocked Amount In Secondary Market” (Circular reference no. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2023/99) on June 23, 2023.
To implement UPI Block Mechanism, ICCL has appointed following banks as ‘Sponsor Banks’:
• HDFC Bank
• ICICI Bank
• YES BANK
• HSBC BANK
• AXIS BANK
Following Virtual Payment Addresses (VPA) are active in the PROD environment of respective banks can be used to create UPI Block:
• HDFC Bank - iccl@hdfcbanksm
• YES Bank - iccl@yespay
[Notice No. 20231229-63]
