SEBI to Launch Verified UPI IDs for Fund Transfers by Intermediaries

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  • Last Updated on 13 June, 2025

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SEBI structured UPI mechanism

Circular No. SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2025/86; Dated: 11.06.2025

In a move aimed at enhancing transparency and investor protection, the Securities and Exchange Board of India (SEBI) has announced the implementation of a structured Unified Payment Interface (UPI) mechanism. This system is designed specifically for SEBI-registered intermediaries to collect funds from investors in a secure and verified manner.

1. Direct and Verified Fund Transfers

Under this mechanism, investors will be able to transfer funds directly to the designated bank accounts of SEBI-registered intermediaries. By ensuring that the payments go to verified recipients, the new system helps eliminate the risk of fraud and misdirection of funds in the securities market.

2. Enhanced Investor Confidence

The introduction of exclusive UPI IDs for each intermediary will add an additional layer of trust. Investors will be assured that their funds are being routed to SEBI-verified entities, thereby fostering greater confidence in market transactions.

3. Effective Date of Implementation

This structured UPI framework will be made available to investors from October 1, 2025. SEBI expects all stakeholders, including intermediaries and investors, to be aligned with the system by the effective date to ensure seamless adoption.

Click Here To Read The Full Circular

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied