Sebi mulls safe UPI payments for market intermediaries

Under the proposed mechanism, the regulator has suggested creating a unique UPI address for registered market intermediaries, making it easier for investors to confirm that they are paying only registered entities. The proposed UPI payment limit for capital market transactions is set to ₹5 lakh per day, higher than the current ₹2 lakh limit. This will be evaluated periodically in consultation with National Payments Corporation of India (NPCI).

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