#67 Will SEBI’s New UPI Rules Protect Investors?

SEBI introduced UPI as a payment method in the securities market in 2019. However, unauthorised entities have misused it to collect money fraudulently. To prevent this, SEBI has proposed a structured UPI system to ensure payments go only to SEBI-registered intermediaries.

The draft proposes a fixed UPI ID format, making it easier for investors to verify payment recipients. Payments will also feature a verification mark. Existing UPI IDs will be phased out three months after the new system is implemented. Also, the daily UPI transaction limit may increase from ?2 lakh to ?5 lakh.?

Will this improve payment security in the securities market? To read more and share your feedback, click the link here.

Public feedback is open until 21st February 2025!

Consultations that need your attention this week!

1. Consultation Paper on Investor Charter for Stock Brokers | Read more here
2. Draft Meghalaya Occupational Safety, Health and Working Conditions Rules, 2024 | Read more here
3. Draft Code on Industrial Relations Meghalaya Rules, 2024 | Read more here
4. Draft Code on Social Security Meghalaya Rules, 2024 | Read more here
5. Draft PFRDA Unified Pension Scheme Regulations 2025 | Read more here

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