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New UPI Payment Mechanism for Investors
June 17 , 2025
16 hrs 0 min
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- The Securities and Exchange Board of India (SEBI) is set to implement this.
- It aims to protect investors from unregistered entities in the stock market.
- It will allow investors to easily identify legitimate SEBI-registered intermediaries before making payments.
- Unregistered entities have increasingly misled investors, collecting funds without proper authorisation.
- It is also developing a new tool called ‘SEBI Check’ to verify the veracity of UPI IDs or bank details of registered intermediaries.
- Under the new mechanism, the username will be a readable name chosen by the intermediary, followed by a mandatory suffix that clearly identifies their category.
- While the suffix would be ‘.brk’ for a stock broker, it would be ‘.mf’ for a mutual fund.
- The verified UPI handle will feature a unique and exclusive identifier, “@valid”, combined with the name of the self-certified syndicate bank.
- The validated UPI handle will be exclusively allocated by the National Payments Corporation of India (NPCI) only for the payment collection by the Sebi-registered intermediaries.
- The NPCI is the umbrella organisation for operating the retail payments and the settlement systems in the country, that owns and operates the UPI platform.
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