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SEBI introduces validated UPI handles to curb digital fraud
Business
SEBI just launched two new features—Validated UPI Handles and SEBI Check—to help protect investors from digital fraud.
Now, brokers, mutual funds, and other intermediaries have unique UPI IDs ending with "@valid," making it easier to spot who's legit when you're sending money.
How to verify brokers, mutual funds
These special UPI IDs (like ."brk" for brokers or ."mf" for mutual funds) are managed by NPCI and come with a green triangle "thumbs-up" icon for authenticity.
Over 90% of brokers and all mutual funds are already on board.
Plus, with SEBI Check (available online or through the Saarthi app), you can quickly verify any broker's or fund's bank account or UPI ID before transferring money—just enter their account details to double-check they're the real deal.