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CeFCoM: SEBI’s Safe Payment Route for Advisers

19 June 20251 min read
BANKING & FINANCECeFCoM: SEBI’sSafe PaymentRoute for Advisers19 June 2025safalsetu.com

Why in the news

SEBI is pushing investors to route adviser fees through a central platform to curb fraud.

Key facts

  • Purpose: stop fraud and unauthorised collection via a secure channel; confirm advisers are SEBI-registered.
  • Modes: UPI, UPI Autopay, net banking, IMPS, NEFT, RTGS, cards, eNACH, cheques.
  • Usage: over ₹5 crore by 10 June 2025.

Upcoming measures

  • SEBI Check (1 October 2025): verifies UPI handles and bank details; structured handles with suffixes such as @valid; verified ones show a green triangle with thumbs-up.
  • SEBI to work with platforms so only verified investment apps are listed.

Test yourself

1. What does CeFCoM, promoted by SEBI for paying advisers and analysts, stand for?

CeFCoM is the Centralized Fee Collection Mechanism.

2. Which entity manages the CeFCoM platform together with MF Utilities India Pvt. Ltd.?

CeFCoM is managed by BSE Ltd. in partnership with MF Utilities India Pvt. Ltd.

3. From which date will SEBI's 'SEBI Check' tool for verifying UPI handles be available?

The SEBI Check tool starts from October 1, 2025.