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2h ago

SEBI Rolls Out Verified '@valid' UPI Handles, 'SEBI Check' as Smaller Intermediaries Face Delays

The tools give investors a simple way to verify intermediaries, helping them spot fraudulent collections.

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Overview

  • SEBI and NPCI launched validated UPI IDs with an exclusive '@valid' handle and category suffixes such as '.brk' for brokers and '.mf' for mutual funds.
  • Major brokers covering over 90% of investors and all mutual fund houses have adopted the new handles, according to SEBI.
  • SEBI Check lets investors confirm an intermediary’s UPI ID or bank account and IFSC via the SEBI Check platform, the Saarthi app, or the SEBI portal.
  • Transactions using @valid IDs display a thumbs-up inside a green triangle icon and support a dedicated QR code to signal authenticity.
  • Industry participants report delays for many research analysts and investment advisors due to name mismatches, limited bank-side clarity, missing approved banks, and current-account requirements, with BSE and SEBI running webinars and case-by-case follow-ups as banks work toward allocations within the 90-day window.