Mar 30, 2020

Continuation of Phase II of Unified Payments Interface (UPI) with Application Supported by Block Amount (ASBA)

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SEBI vide Circular dated 08th November, 2019, the timeline for implementation of Phase II of UPI ASBA was extended till 31st March, 2020. Now due to COVID-19 pandemic, SEBI vide Circular dated 30th March, 2020 has decided to continue with the current Phase II of UPI ASBA till further notice and the modalities for the implementation of Phase III of the UPI ASBA shall be notified later. 

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