SEBI Says Only “@valid” UPI IDs to be used for market payments:

SEBI Says Only “@valid” UPI IDs to be used for market payments The Securities and Exchange Board of India (SEBI) has introduced new rules that require all registered financial companies like brokers, mutual funds, and investment advisers to use special UPI IDs that end with "@valid." These IDs will have a green thumbs-up symbol to show they are genuine. Investors can only make payments through these verified IDs, which will help prevent fraud and fake companies from cheating people. Banks will only give these "@valid" IDs to companies after checking them properly on SEBI's website.

New ‘SEBI Check’ Tool Launched

SEBI is creating a new tool called "SEBI Check" to help investors. This tool will let people check if UPI IDs, QR codes, bank account numbers, and bank codes belong to real SEBI-registered companies before sending money. This ensures, investors can trust their funds are essentially going to verified, legitimate and regulated financial companies.

Introduction, Timeline and Scope of Operation.

The new system starts on October 1st, 2025. It will cover approximately 8,000 to 9,000 financial companies. Companies can continue to use their old UPI methods until December 2025. After this period, only the "@valid" handles must be used. The daily UPI transaction limit of Rs.5 lakh for stock market deals will stay the same.

Strategic Impact and Expanded Coverage

This new system will make UPI payments for stock market investments much safer by ensuring all transactions can be tracked and verified. It works together with other safety measures, like a new rule starting June 30 that will show the receiver's name in UPI transactions, making it even harder for scammers to trick people. Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommended.