SEBI Proposes a Structured UPI Handle for Secure Investor Payments to Registered Intermediaries
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- By Chetan Kulasri
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- Last Updated on 4 February, 2025
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Draft Circular; Dated: 31.01.2025
SEBI has introduced a draft circular introducing a structured UPI handle for payments to SEBI-registered intermediaries, enhancing investor security. In the proposed mechanism, Username will be an alphanumeric ID that will be generated for the user while the handle used will be a unique identifier linked to the bank of the registered intermediaries. Public comments on the initiative are invited until 21.02.2025, through SEBI’s website.
Click Here To Read The Full Circular
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