Sebi set to launch new UPI mechanism for MFs, brokers

June 12, 2025

SEBI introduces a new UPI handle, @valid, for registered intermediaries like brokers and mutual funds, starting October 1st, to enhance transaction security. This initiative aims to ensure investors make payments only to verified entities, accompanied by a visual verification cue. A ‘Sebi check’ functionality is also under development for investors to verify UPI ID authenticity.

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