Regulator securitors in the Indian market market (Sebi) on Wednesday surrounds a special initiative to help investors in investors and other intermediers. This facility is intended to protect investors against fraudulent activities – designed specifically to ensure that money is transferred only to the intended and registered intermediaries, such as intermediaries. Progress confirms a business of Zee’s business this week that such initiative is on cards.
Market regulator’s decision, to be placed in a unidi’s address mechanism for registered intermediary investors in the payment systems and a market access and an official release.
According to Sebi, “Standardized, confirmed and exclusive UPS” available for investors with effect from October 1.
What is the dedicated management of UPI doing? How does it work?
The mechanism will provide investors with the option to perform direct digital fees directly to the bank accounts of intermediaries validated by SEBI.
By this mechanism, the payment of investors only go to affirmed and registered intermediaries in the market.
The initiative was introduced after the full public consultation and detailed consultations with relevant Indian stakes (NPCI) for operating systems in the country’s operating systems.
Using this mechanism can be optional for investors, it is necessary for intermediaries to provide the upi address of their investors.
Sebi asked the intermediaries who actively developed and facilitated adopting this mechanism for their investors.
SEBI works with UPI address structure | The mode of operation
Sebi shared a Flowchart that plotted the end-by-end-in-end-in-ends of the dedicated UPI management mechanism.
Image source: Sebi
What do addresses look like examples
Interracters will choose “read and alert” usernames followed by a focus that represents their part. For example, intermediators can have usernames “abc.brk” or “abc.mf” for operating as a broker and a fund of each other.
Suffixes for different types of intermediary
Their UPI addresses contains and quickly disturb hips, such as “@Valid”, to use with names of certified banks of servied:
See examples of complete handling
Here are two sample items, one for a registered broker and a registered MF:
