Key pointers:
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New Mechanism Introduced: SEBI launched ‘Valid’—a UPI-based payment system for market intermediaries—on June 11, 2025.
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Go-Live Date: The ‘Valid’ UPI payment mechanism will become operational from October 1, 2025.
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Purpose: Enables SEBI-registered entities (brokers, mutual funds, investment advisers, research analysts, etc.) to securely collect funds from clients via UPI.
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Unique UPI IDs: Regulated entities will have a unique UPI ID with the format
entitytype@validbankname
(e.g.,abc.brk@validhdfc
for a broker using HDFC). -
Security Feature: A green thumbs-up icon in a triangle will appear to signify the legitimacy of the transaction.
Verification Tool – ‘SEBI Check’: a tool designed to help investors confirm the authenticity of UPI addresses in real time.
- Investors can verify UPI IDs by entering the ID or scanning a QR code.
- Ensures payments are made only to genuine SEBI-registered intermediaries.
- Daily Limit: Transactions via UPI will have a daily upper limit of ₹5 lakh, subject to future review.