SEBI to Launch ‘SEBI Check’ to Verify UPI IDs:
The Securities and Exchange Board of India (SEBI) announced a new initiative titled “SEBI Check.” This tool will allow investors to verify UPI payment handles used by SEBI-registered intermediaries before making transactions. The new functionality, expected to be launched soon, will significantly increase the safety and transparency of financial operations in the securities market. Additionally, SEBI has mandated a new UPI payment mechanism for all intermediaries collecting funds from investors, effective from October 1, 2025.SEBI announced the upcoming launch of “SEBI Check” to verify UPI IDs. This initiative follows the increasing misuse of unverified UPI handles by fraudulent, unregistered entities impersonating legitimate financial intermediaries. The new UPI-based payment system will become mandatory for SEBI-registered entities from October 1, 2025.
