@Valid UPI FAQs
Information on SEBI-validated @valid UPI handles for payments to registered intermediaries.
SEBI-validated @valid UPI handles
A @valid UPI handle is an exclusive, standardised and verified UPI ID introduced by the Securities and Exchange Board of India (SEBI) for use by SEBI-registered intermediaries (including Research Analysts like us) for payments, starting 1 October 2025. It includes a username, a category tag (for example, brk for brokers, mf for mutual funds, ra for Research Analysts), the mandatory @valid identifier and the bank’s name.
To verify a @valid handle, check for a white thumbs-up icon inside a green triangle on the payment confirmation screen or QR code, which visually confirms authenticity. SEBI has made this initiative mandatory for all intermediaries to further enhance investor protection and provide a secure, verified and transparent payment experience.
We are pleased to inform you that we have already received a @Valid UPI handle for our bank account: tapaschandra.cf.ra@validaxis.
Please note
- These @valid UPI IDs are only for payments towards research services (subscriptions to our products).
- You do not need to remember or note them down. We will provide you with the ID whenever you need to make a payment.
- These UPI IDs may change in future if we change our payment gateway provider or bank account.
What this means for you
- Whenever you make payments for our subscriptions using UPI, you will see the option to pay to our @Valid UPI handle.
- Direct bank transfer will also remain available, though we recommend UPI payments.
- This change is purely at the backend — no additional step is required from your side. The payment experience remains the same.
SEBI Check
SEBI Check enables investors to verify the authenticity of UPI IDs and linked bank account details by scanning a QR code or manually entering the UPI ID or bank account details. You can access the SEBI Check portal at siportal.sebi.gov.in (opens new tab).
@valid FAQs
All SEBI-registered intermediaries (e.g., brokers, mutual funds, depositories) must obtain these IDs. Investors can continue using their existing UPI IDs but must use intermediaries’ new “@valid” handles for payments.
While it is not mandatory to use UPI for making payments, SEBI strongly advises all individual investors to actively use the “@valid” UPI handles and verify payment details through SEBI Check before transferring funds. SEBI clarified that the @valid UPI handle is an additional payment option, not a replacement. Investors can still use NEFT, RTGS, IMPS, etc., but are encouraged to prefer @valid for added security.
The UPI ID should properly show the name of the intermediary, followed by a short abbreviation of the category (for example, “ra” for Research Analysts, “brk” for Brokers) to the left of the “@” character. On the right side of the “@”, the new and exclusive handle “@valid” should be present, followed by the bank name. On the confirmation screen, the app should show a white thumbs-up icon inside a green triangle. The QR code generated using the utility will also carry this icon and display the UPI ID just below the QR code.
The secure, validated UPI ID of intermediaries will use the same banking channel as the earlier generic UPI handles. In case of any technical difficulty, investors are requested to approach their respective banks.
UPI, being a retail product, carries transaction limits. Each bank may impose its own limits, but the upper cap is set by NPCI. Currently, the maximum permissible limit for capital market transactions is ₹5 lakh per day. These limits are subject to periodic review and may be revised by regulators.
No. After 180 days from the circular date (11 June 2025), intermediaries must stop accepting payments via old UPI IDs (except for existing SIPs in mutual funds).