BSE10 Aug 2026noticePrepared by Complied AI

Clarification regarding implementation of @valid UPI IDs

Official title

Clarification regarding implementation of "@valid" UPI IDs

Official record

Summary

What changed

BSE mandates that all Trading Members link investor-facing bank accounts to a @valid UPI ID. This requirement applies to upstreaming accounts that receive funds from individual or non-institutional investors. Trading Members must apply for a @valid UPI handle through the BSE portal. Trading Members registered with multiple exchanges must submit the request through only one exchange. After the request, Trading Members must complete the necessary documentation with their respective banks. Trading Members must achieve compliance by September 06, 2026. Any new investor-facing bank account opened after August 11, 2026, must also link to a @valid UPI ID to allow verification through SEBI Check.

Who is affected: Trading Members
Required action: Apply for a @valid UPI handle on the BSE portal.
Submit the request through only one exchange if registered with multiple exchanges.
Complete documentation with the bank for the @valid UPI handle.
Link all investor-facing bank accounts to a @valid UPI ID.
Key dates: Compliance deadline — 05 Sept 2026

Prepared automatically from the captured official document and checked against source evidence. This is not an independent professional review. See how briefs are prepared. Verify material decisions against the official record.

Source details

Source: BSE Ltd (Bombay Stock Exchange)
Type: notice
Published by source: 10 Aug 2026
Document number: 20260811-31
Issuing division: Membership Compliance
Coverage area: securities

Document text

Prepared for reading; wording retained from the source.

Verify official record

NOTICE


Notice No.	20260811-31
Notice Date	11 Aug 2026
Category	Others
Segment	General
Department	Membership Compliance
Subject	Clarification regarding implementation of "@valid" UPI IDs
Attachments	Annexure-A ; Annexure-B

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. 20250912-90 dated September 12, 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 Trading Members. The clarification along with the FAQs is enclosed herewith as Annexure A and Annexure B respectively.

Accordingly, all Trading Members are required to ensure that all investor facing bank accounts (upstreaming accounts) through which funds are received from individual/non-institutional investors shall be linked with a “@valid” UPI ID to ensure that such accounts are verifiable through SEBI Check.

All Trading Members 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 Portal is given below:

OMRS → Membership → UPI Request Handle

Trading Members registered with more than one stock exchange are advised to submit the request for a “@valid” UPI handle through only one Exchange.

After submitting the request for a “@valid” UPI handle to the Exchange, Trading Members are advised to approach their respective banks to complete the documentation/process required for obtaining the “@valid” UPI handle.

Trading Members shall ensure compliance with the above requirements within T+30 days, where T is August 07, 2026, i.e. by September 06, 2026.

Further, any new investor-facing bank account (upstream account) opened by a Trading Member 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 Membership.ops@Bseindia.com.

For and on behalf of BSE Limited

Jinesh Shah Deputy Vice President Membership Department

Research the source law

Find the provision behind this update.

No high-confidence provision match was found. Browse the law library, choose the affected provision and ask against the exact statutory text.

Browse source laws