SEBI will implement new UPI payment system from October 1: In this, brokers will get a special UPI ID, investors’ money will be safe

Market regulator SEBI is going to introduce a new and secure way of payment for investors. In this, a special UPI ID will be issued to SEBI registered brokers to receive payments from investors. With the help of the new system, investors will be able to identify trustworthy institutions. The new UPI payment system will come into effect from October 1, 2025.

What will be special in this?

Special UPI ID: SEBI registered institutions 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, not to any fraudster.

Payment limit will increase: Currently, up to Rs 2 lakh can be paid in the stock market in a day through UPI. SEBI now wants to increase it to Rs 5 lakh.

Security mark: When you send money to a registered company through UPI, a green “thumbs up” mark will appear. If this mark is not visible, then understand that the company is probably not right.

Pay-Right Scheme: The name of this new scheme of SEBI is “Pay-Right”. Its purpose is to increase the confidence of investors, so that they can send money without fear.

How will the system work?

This system will work in collaboration with SEBI, banks and National Payments Corporation of India (NPCI). It will be cheap and fast so that investors do not face any problem.

Why is this step necessary?

Since 2019, there is a facility of payment through UPI in the stock market, but some fraudsters are taking advantage of it. They take money from investors in the name of fake companies. This new system of SEBI will help in preventing such fraud.