SEBI has issued a Consultation paper on draft circular for “Safe and Efficient Transfers on UPI”. It is envisaged to create a unique Unified Payments Interface address for collection of money by SEBI investor facing registered market participants/intermediaries Registered Intermediaries. This unique UPI address will help investors ensure that their payments are reaching only to SEBI registered intermediaries. As a corollary, this would also help investors identify, isolate and avoid unregistered entities, who will not have access to this unique UPI handle.
The comments/ suggestions should be submitted latest by February 21, 2025.
