Anxious About Cyber Frauds With Your Demat Accounts? SEBI Introduces New Software To Confirm Fee Handles | Private Finance Information

New Delhi: SEBI in an effort to make investments safer and defend towards cyber frauds has launched a brand new device known as ‘SEBI Verify.’ This device will assist traders confirm UPI handles and registered financial institution accounts earlier than making any funds. With options like ‘Validated UPI Handles’, SEBI goals to spice up investor confidence, stop deepfake scams, and guarantee safe transactions within the digital area.

Traders can now simply examine if a UPI ID is real by both scanning a QR code or coming into the ID manually. In terms of financial institution accounts, they’ll confirm key particulars just like the account quantity and IFSC code of registered intermediaries. On the coronary heart of this new system is a standardized UPI deal with format for intermediaries which features a username and a singular deal with.

The brand new UPI system will embody a user-friendly format the place the username is a readable identify chosen by the middleman, adopted by a suffix that exhibits their class—like “brk” for inventory brokers or “mf” for mutual funds. The legitimate deal with can even embody a singular identifier “@legitimate” together with the identify of the self-certified syndicate financial institution. These verified UPI handles will probably be issued solely by the Nationwide Funds Company of India (NPCI) and will probably be used solely by SEBI-registered intermediaries to gather funds securely.

Beginning October 1, 2025, traders will be capable to use SEBI Verify to confirm cost particulars earlier than making any transactions. This new device is designed to deal with points like cyber frauds, deepfakes, and impersonation. With SEBI Verify, traders can simply discover out whether or not the individual or middleman requesting funds is definitely registered—serving to construct higher belief and confidence within the funding course of.