SEBI @valid UPI Handles and SEBI Check Tool Explained
Why in the news
SEBI introduced verified UPI IDs and a check tool so investors can confirm a market intermediary is registered before paying, cutting fraud risk.
Key facts
- Registered intermediaries (brokers, mutual funds and others) use UPI handles ending @valid.
- Suffix .brk means broker; .mf means mutual fund.
- Authentic payments show a green triangle with a thumbs-up; QR codes with this symbol allow checking beforehand.
- The SEBI Check tool supports verification.
Significance
- Stronger security and instant verification.
- Less fraudulent fund collection by unregistered entities.
- More transparency and accountability in retail investing payments.
Exam angle
- Regulator: SEBI. Handle: @valid. Symbol: green triangle with thumbs-up.