Digital shield for investors: Sebi to launch UPI safeguard to prevent fraud

MUMBAI: With increasing incidents of investors getting defrauded by unscrupulous elements, the regulator Sebi is developing a digital shield to protect investors, using an NPCI-verified UPI Id for each market participant and bank. The new tool called “Valid” will be launched from October 1, which, along with the tool “Sebi Check”, will validate payment authenticity.