1. The Growing Menace of Fraudulent UPI IDs
With the rise in digital trading, cybercriminals have been exploiting unverified UPI handles to impersonate brokers and siphon funds from unsuspecting investors. SEBI has identified a surge in such fraudulent activities and is taking decisive action to curb them.
2. Introducing the “@valid” UPI Handle
To counter these scams, SEBI is rolling out verified UPI handles for all SEBI-registered market intermediaries (brokers, advisors, mutual funds, etc.)
3. Visual Trust: The “Thumbs-Up in Green Triangle”
To further enhance transparency, verified UPI IDs will feature a green triangle with a thumbs-up icon in UPI apps. This serves as an instant visual cue for users, confirming the legitimacy of the recipient before initiating any transaction.
4. “SEBI Check” Tool for Verification
SEBI is also launching a SEBI Check tool that allows investors to verify a UPI ID or QR code before making a payment. This tool will cross-check:
UPI Handle | Bank Account Number | IFSC Code | It ensures that the payment is being made to a SEBI-authorized entity.
5. Rollout Timeline & Guidelines
Go Live Date : October 1, 2025
Grace Period: Existing unverified UPI IDs can be used till 08th December 2025.
Transaction Limit: ₹5 lakh per day via UPI for transactions with registered intermediaries
