Why can I not use UPI to fund my account?

To invest in US stocks, Winvesta needs to receive your funds in USD. For the purpose of overseas investments in equity (under the LRS), the conversion from INR to USD, and the Wire transfer, is done by a bank that you hold an account with. 

As a part of RBI's cohort, Winvesta enabled the option for funding your global investment account through UPI or net-banking. This UPI beta started in Nov 2021 and ended on Jan 30, 2022. We are working with our partners and RBI to bring back this feature permanently.

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