Circular No. SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2025/86; Dated: 11.06.2025
In a move aimed at enhancing transparency and investor protection, the Securities and Exchange Board of India (SEBI) has announced the implementation of a structured Unified Payment Interface (UPI) mechanism. This system is designed specifically for SEBI-registered intermediaries to collect funds from investors in a secure and verified manner.
1. Direct and Verified Fund Transfers
Under this mechanism, investors will be able to transfer funds directly to the designated bank accounts of SEBI-registered intermediaries. By ensuring that the payments go to verified recipients, the new system helps eliminate the risk of fraud and misdirection of funds in the securities market.
2. Enhanced Investor Confidence
The introduction of exclusive UPI IDs for each intermediary will add an additional layer of trust. Investors will be assured that their funds are being routed to SEBI-verified entities, thereby fostering greater confidence in market transactions.
3. Effective Date of Implementation
This structured UPI framework will be made available to investors from October 1, 2025. SEBI expects all stakeholders, including intermediaries and investors, to be aligned with the system by the effective date to ensure seamless adoption.
Click Here To Read The Full Circular
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