New Delhi, Oct 1 (PTI) Capital markets regulator Sebi on Wednesday rolled out two key initiatives, validated UPI Handles and 'SEBI Check', aimed to strengthen the payment security for investors and prevent fraudulent fund collections by unregistered entities.

The new facility, developed in association with the National Payments Corporation of India (NPCI), will allow UPI IDs of Sebi-registered investor-facing intermediaries to carry the exclusive "@valid" handle with category-specific suffixes such as '.brk' for brokers and '.mf' for mutual funds.

The move will help investors easily identify legitimate intermediaries.

Major brokers covering over 90 per cent of investors, along with all mutual funds have already adopted the "@valid" UPI handle, the Securities and Exchange Board of India

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