Frequently asked questions

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FAQs Based on circular no. SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2025/86 issued by The Securities Board of India (SEBI) dated 11 June 2025 – ‘Adoption of Standardised, Validated and Exclusive UPI IDs for Payment Collection by SEBI Registered Intermediaries from Investors’ (hereinafter referred as ‘SEBI Circular’)

What is the new UPI mechanism introduced by SEBI?
SEBI has introduced a structured UPI address mechanism to ensure secure and verified payments to SEBI-registered intermediaries. These UPI IDs are validated and exclusive, helping investors confirm they are paying to verified registered market intermediaries and at the same time its absence would caution investors of the risk that they are making payments to unauthorized entities.
Is it compulsory for the investors to use the new handle only?
What should I check while making payment using the new UPI IDs/ QR Code?
Do investors also need to obtain new UPI handles to transact in the securities market?
Whom to approach if my transaction/ payment fails with the new UPI ID?
What are the transaction limits for UPI payments in the securities market?
Where can I find the validated UPI ID of my intermediary?
When will this new system be effective?
What should I do if I suspect fraud or impersonation?
What will happen to the payments done through existing UPI IDs of the intermediaries?
Which are valid UPI IDs obtained by Ask Wealth Advisors Private Limited as per SEBI Circular?
Are there any sample FAQs related to UPI provided by SEBI?

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Frequently asked questions