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

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2025-06-12 00:16:09 -

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

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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