Mumbai18 minutes ago
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This ID will be given only to registered brokers near SEBI.
Market regulator SEBI is going to bring a new and safe way of payment for investors. In this, a special UPI ID will be issued to SEBI registered brokers to take payment from investors.
With the help of new systems, investors will be able to identify reliable institutions. The new UPI payment system will be implemented from 1 October 2025.
What will be special in this?
- Special UPI ID: The registered institutions of SEBI will get a unique UPI ID. With this, investors will be able to know that they are sending money to the right and registered company and not to any fraud.
- Payment limit will increase: Currently, the stock market can get a payment of up to Rs 2 lakh a day in the stock market. SEBI now wants to increase it to 5 lakh rupees.
- Security mark: When you send money from UPI to a registered company, a green “thums up” mark will be seen. If this mark does not appear, then understand that that company is probably not correct.
- Pay-Right Plan: This new scheme of SEBI is named “Pay-Right”. Its purpose is to increase the trust of investors, so that they can send money without fear.
How will the system work?
The system will work closely with SEBI, Bank and National Payments Corporation of India (NPCI). This will be cheap and faster so that investors do not have any problem.
Why is this step important?
Since 2019, the stock market has a payment facility from UPI, but some fraudsters are taking advantage of it wrongly. They take money from investors in the name of fake companies. This new SEBI system will help prevent such fraud.
