To combat rising fraud, SEBI introduces a new UPI security feature for registered intermediaries like brokers and mutual funds, effective October 1, 2025. Validated UPI IDs, marked with a distinctive symbol, will ensure secure fund transfers. A tool called Sebi Check will allow investors to verify UPI IDs, enhancing transaction safety and accessibility in the securities market.
Zerodha’s Nithin Kamath warns of rising broker frauds as SEBI rolls out UPI safeguards
by ET Markets | June 16, 2025 4:03 pm | Indian Stocks, Market, News