SEBI’s New Verified UPI Mechanism:
SEBI has announced a new verified UPI ID system for registered market intermediaries, effective from October 1, 2025, to curb rising cases of cyber fraud and impersonation in securities transactions.
SEBI’s New Verified UPI Mechanism:
- A validated UPI payment framework for SEBI-registered intermediaries featuring exclusive UPI handles ending with @valid.
- The system is being developed in coordination with the National Payments Corporation of India (NPCI), which operates the UPI platform.
- Every registered intermediary (broker, mutual fund, etc.) will receive a unique UPI ID: username.category@validBank
- A “thumbs-up in green triangle” icon will appear when transacting with verified IDs.
- The system will integrate with the new ‘SEBI Check’ tool to verify UPI IDs and bank details via QR scan or manual entry.
- UPI IDs will only be allocated to genuine SEBI-registered entities.
- Visual authentication marks help users identify legitimate payees.
- ‘SEBI Check’ confirms both UPI ID and bank account/IFSC code authenticity.
