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Sebi's 'verified' UPI to deter scammers posing as brokers

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To combat rising cyber fraud in the stock market, SEBI will launch a verified payment system from October 1st. This mechanism will help investors identify genuine SEBI-registered entities when transferring funds via UPI, preventing scams. The new UPI address structure will undergo verification at three levels: SEBI, banks, and NPCI.
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