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SEBI UPI Payment: Market regulator SEBI has launched two new initiatives to protect investors from fraud: Validated UPI Handles and SBI Check. SEBI claims this will make transactions easier and error-free. SEBI has developed this facility in collaboration with NPCI.
SEBI UPI Payment: If you invest in shares, mutual funds, or other securities, secure payments have become even easier. Market regulator Securities and Exchange Board of India (SEBI) has launched two special initiatives to protect investors from fraud and strengthen the payment system. SEBI claims this will make transactions easier and error-free. The market regulator has developed this facility in collaboration with NPCI. SEBI has launched two facilities called ‘Validated UPI Handles’ and ‘SEBI Check’.
According to media reports, SEBI, in collaboration with the National Payments Corporation of India (NPCI), has launched a unique @valid UPI ID. This handle will be issued to SEBI registered entities directly connected to investors. It will also include specific characters at the end depending on the category, such as ‘.brk’ for brokers and ‘.mf’ for mutual funds.
This will make it easier for investors to identify which entity is genuine and trustworthy. For example, a broker’s ID might be abc.brk@validhdfc, while a mutual fund’s UPI ID might be xyz.mf@validicici.
Confirmation will be provided by a unique symbol.
SEBI said in a statement that major brokers and all mutual funds, covering more than 90% of investors, have already adopted this @valid UPI handle. This feature will be provided as a new payment option for investors. It will work alongside existing methods like NEFT, RTGS, and IMPS.
This will give investors the freedom to choose their preferred transaction mode. Payments made using these IDs will display a unique “thumbprint inside a green triangle” symbol to confirm authenticity. The absence of this symbol will alert investors to the possibility of an unauthorized or fraudulent transaction.
Learn about SEBI Check:
Along with the new UPI system, SEBI has also launched SEBI Check, a digital verification tool that allows investors to independently verify the bank account details and UPI IDs of registered intermediaries. By entering the account number and IFSC code or @valid UPI ID, investors can verify authenticity through the SEBI Check platform or the Sarathi mobile app.
Special QR Code
In addition, SEBI has designed a special QR code with the same “thumbs-up” symbol in the center. This QR code is designed as follows. When investors scan it, it will ensure that the QR code is actually forwarding to a SEBI-registered intermediary. This code will facilitate error-free, fast, and reliable transactions. The thumbs-up icon in the QR code will indicate to the investor that the transaction is for a valid @valid handle. This makes the process of making payments using QR codes simple and secure.
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