Sebi to launch UPI IDs for registered entities to avoid trading frauds

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SEBI will introduce UPI IDs for registered intermediaries collecting funds, enhancing payment security and transparency for investors. This initiative, effective October 1, aims to combat investor fraud by ensuring funds reach only verified entities. SEBI is also collaborating with app stores and launching a ‘Sebi Check’ tool to further validate registered intermediaries.

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Sebi to launch UPI IDs for registered entities to avoid trading frauds

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