Regulatory Alerts2025-06-11
Adoption of Standardised, Validated and Exclusive UPI IDs for Payment Collection by SEBI Registered Intermediaries from Investors
SEBI mandates that all registered investor-facing intermediaries obtain and utilize standardized, validated, and exclusive UPI IDs ending in the @valid handle to collect funds from investors. This initiative requires intermediaries to discontinue old UPI IDs by October 1, 2025, while introducing a 'SEBI Check' tool and a specific security icon to help investors verify the authenticity of payment destinations. The circular outlines strict operational timelines, transaction limits up to ₹5 lakhs per day, and specific responsibilities for intermediaries, banks, and market infrastructure institutions to ensure secure and verified fund transfers.
Share