Current Events Current Affairs Analysis
SEBI has announced a new verifiedUPIID system for registered market intermediaries, effective from October 1, 2025, to curb rising cases of cyber fraud and impersonation in securities transactions.
What It Is?
oA validated UPI payment framework for SEBI-registered intermediaries featuring exclusive UPI handles ending with @valid.
Developed By:The system is being developed in coordination with theNational Payments Corporation of India (NPCI), which operates the UPI platform.
How It Works?
oEvery registered intermediary (broker, mutual fund, etc.) will receive aunique UPI ID: username.category@validBank
E.g.,abc.brk@validXYZ for a broker using XYZ Bank
oA“thumbs-up in green triangle” iconwill appear when transacting with verified IDs.
oThe system will integrate with the new‘SEBICheck’ toolto verify UPI IDs and bank details via QR scan or manual entry.
Key Features:
oDistinct suffixes indicate category:
§.brkfor stock brokers
§.mffor mutual funds
oUPI IDs will only be allocated togenuine SEBI-registered entities.
oVisual authentication marks help users identify legitimate payees.
o‘SEBI Check’ confirms bothUPI IDandbank account/IFSC codeauthenticity.
Benefits:
oInvestor Protection:Prevents fund diversion by fraudsters.
oTransparency:Allows clear identification of registered entities.
oCybersecurityBoost:Cuts down fake UPI handles used for scams.
oTrust Restoration:Enhances confidence in digital transactions in the securities market.
oMandatory Compliance:All intermediaries must adopt the system and older UPI IDs to be phased out.
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