SEBI to Launch ‘SEBI Check’ to Verify UPI IDs and Curb Investment Frauds
In a major move to enhance investor protection and curb online financial frauds, the Securities and Exchange Board of India (SEBI) announced a new initiative titled “SEBI Check.” This tool will allow investors to verify UPI payment handles used by SEBI-registered intermediaries before making transactions. The new functionality, expected to be launched soon, will significantly increase the safety and transparency of financial operations in the securities market. Additionally, SEBI has mandated a new UPI payment mechanism for all intermediaries collecting funds from investors, effective from October 1, 2025.
On June 11, 2025, SEBI announced the upcoming launch of “SEBI Check” to verify UPI IDs. This initiative follows the increasing misuse of unverified UPI handles by fraudulent, unregistered entities impersonating legitimate financial intermediaries. The new UPI-based payment system will become mandatory for SEBI-registered entities from October 1, 2025.
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Summary/Static | Details |
Why in the news? | SEBI to Launch ‘SEBI Check’ to Verify UPI IDs and Curb Investment Frauds |
Purpose | Verify UPI handles of SEBI-registered intermediaries |
Launch Timeline | To be launched before October 2025 |
UPI Rule Effective Date | October 1, 2025 |
Verification Methods | QR code scan / Manual entry of UPI ID |
Targeted Entities | SEBI-registered brokers, distributors, and other intermediaries |
Announced By | SEBI Chairman Tuhin Kanta Pandey |
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