UPI Intimation to Investors

We have obtained a SEBI-validated UPI ID handle for secure payment collection, as mandated by SEBI. Please read the information below carefully before making any payment.

Is it compulsory for investors to use the new UPI handle only?

The investors can choose their preferred mode of payment, such as UPI, IMPS, NEFT, RTGS, or Cheques. If an investor opts to use UPI for the payment to registered intermediaries, then they have to do so only using the new UPI IDs allotted to registered intermediaries.

What should I check while making payment using the new UPI IDs or QR Code?

Investors need to keep the following things in consideration:

• ✓ The UPI ID should properly show the name of the intermediary, followed by the short abbreviation of their category — for example "brk" for Brokers, "mf" for Mutual Funds — to the left of the "@" character.
• ✓ On the right side of "@", the exclusive handle @valid should be present, followed by the bank name (e.g. @validhdfc, @validaxis).
• ✓ On the confirmation screen, the app should show a white thumbs-up icon inside a green triangle — this confirms the payment is going to a SEBI-validated handle.
• ✓ The QR code will also display the same white thumbs-up icon inside a green triangle, along with the UPI ID printed just below it.

Do investors also need to obtain new UPI handles to transact in the securities market?

No. The new UPI IDs are only for intermediaries to obtain. Investors can continue to use their existing UPI IDs.

Whom to approach if my transaction or payment fails with the new UPI ID?

The secure validated UPI ID of intermediaries will use the same banking channel as the earlier generic UPI handles. In case of any technical difficulty, investors are requested to approach their respective bank.