The Securities and Exchange Board of India (SEBI) is about to introduce a validated UPI deal with for the investor-facing intermediaries to make sure safe funds and fight fraud.
The deal with can be “@valid” and is predicted to come back into pressure from October 1, 2025. The initiative comes into pressure after session with varied stakeholders, together with NPCI. “To make it convenient for investors to identify, the UPI address of intermediaries shall use a unique and easily relatable handle “@valid”, mixed with the identify of the self-certified syndicate banks. These handles can be allotted by NPCI. For instance, the entire deal with, for a registered dealer, will respectively seem like: abc.bkr@validhdfc,” SEBI stated in its round.
A legitimate cost will present a thumbs-up image inside a inexperienced triangle to make sure consciousness among the many non-English talking inhabitants.
“This means that 8000 to 9000 intermediaries including brokers, bankers to an issue, research analysts, investment advisors among others, will have to transition to the new UPI handle to collect payments and fees,” stated Prabhas Kumar Rath, Chief General Manager, Deparment of Economic and Policy Analysis (DEPA) stated in a media interplay.
No present SIP can be affected, and the previous IDs can be discontinued from December 11, 2026, SEBI stated within the round. “SEBI plans to run campaigns for investor awareness and cyber fraud over the next two years, for which the budget and intent are present,” stated Chairperson Tuhin Kanta Pandey.
Intermediaries have been instructed to create consciousness concerning the new initiatives and in addition show them prominently. However, traders must confirm the IDs and make it possible for they transact solely with verified intermediaries, they usually can do that via one other new device referred to as the SEBI Check software. Investors can test the validity of the accounts the place they need to pay via the SEBI Check app. The regulator plans to collaborate with Google Playstore to make it possible for solely legitimate apps are platformed.
Published – June 11, 2025 07:50 pm IST
