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SEBI @valid UPI Handle: Mandatory for Intermediaries

12 June 20251 min read
BANKING & FINANCESEBI @valid UPIHandle:Mandatory forIntermediaries12 June 2025safalsetu.com

Why in the news

SEBI prescribed one UPI handle format, @valid, for intermediaries to curb fraud and impersonation.

Key facts

  • Covers stockbrokers, mutual funds, research analysts and investment advisers.
  • Deadline: October 1, 2025.
  • About 8,000-9,000 intermediaries will migrate.
  • Existing SIPs continue; new investments need the new handles.
  • No use of @valid for non-payment purposes.
StepDetail
IssueAfter verification on SEBI’s portal
TransitionOld handles run in parallel briefly
ToolSEBI Check, real-time verification
RulesNPCI to issue operational guidelines

Exam angle

  • Daily UPI cap for capital markets: ₹5 lakh.
  • Regulator: SEBI; payments body: NPCI.

Test yourself

1. Which UPI handle format did SEBI make mandatory for registered intermediaries?

SEBI prescribed the @valid handle.

2. What is the date by which intermediaries had to implement the @valid UPI handle?

The implementation deadline was October 1, 2025.

3. What is the unchanged daily UPI limit for capital market transactions mentioned alongside the @valid rule?

The ₹5 lakh daily limit remains unchanged.

This topic is part of Daily Current Affairs 12 June 2025 (22 topics).

All topics of the dayDay quizJune 2025

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