Daily Current Affairs / Sebi Mandates Use of Verified '@valid' UPI Handles to Prevent Fraud:
Category : Business and economics Published on: June 13 2025
To combat online payment fraud in the securities market, SEBI has directed all registered intermediaries—including brokers, mutual funds, and investment advisors—to adopt the ‘@valid’ UPI handle format by October 1. This move ensures that investor funds are transferred only to verified and authorized entities, enhancing transaction safety.
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