Implementation of @valid UPI IDs for Investment Advisers

NOTICE

This is in continuation to SEBI Circular No. SEBI/HO/DEPA-II/DEPA-II_SPG/P/CIR/2025/86 dated June 11, 2025, and Exchange Notice No. 20250908-20 dated September 08, 2025, regarding the adoption of Standardised, Validated and Exclusive UPI IDs for payment collection by SEBI Registered Intermediaries from investors.

In this regard, SEBI vide its communication dated August 07, 2026, has provided clarification on implementation of “@valid” UPI IDs for investor facing bank accounts maintained by Investment Advisers. The clarification along with the FAQs is enclosed herewith as Annexure A and Annexure B respectively.

Accordingly, all Investment Advisers are required to ensure that all investor facing bank accounts through which funds are received from the investors shall be linked with a “@valid” UPI ID to ensure that such accounts are verifiable through SEBI Check.

All Investment Advisers are advised to apply for a “@valid” UPI handle on the BSE portal and ensure compliance. The link for submission of UPI ID request through BSE login is given below:

Login into BSE portal through https://iaraportal.sebi.gov.in/

BSE portal → UPI Request Handle

After submitting the request for a “@valid” UPI handle to the Exchange and upon generation of the UTN, Investment Advisers are advised to approach their respective banks to complete the documentation/process required for obtaining the “@valid” UPI handle.

Investment Advisers shall ensure compliance with the above requirements within T+60 days, where T is August 07, 2026, i.e. by October 06, 2026.

Further, any new investor-facing bank account opened by an Investment Advisers after the issuance of this circular, such new bank account shall also be mandatorily linked to a “@valid” UPI ID, to ensure that such account can be verified through SEBI check.

For any clarification, please write to ia.membership@bseindia.com

Rajendra Naikade Assistant Vice President Membership