SEBI launches validated UPI handles to stop investor payment fraud
SEBI launched two initiatives, Validated UPI Handles and SEBI Check, to strengthen payment security and protect investors from fraudulent entities. Under this, UPI IDs of SEBI-registered brokers, mutual funds and investor-facing intermediaries will carry "@valid" handle, starting October 1. Each ID will also include category-specific suffixes, like ".brk" for brokers and ".mf" for mutual funds.