@Valid

Please note:

• These @valid UPI IDs are only for payment towards research services
• You do NOT need to remember or note them down. We will provide you with these whenever you need to make a payment to us.
• 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 Research Services using UPI, you will now see the option to pay to our @Valid UPI handle.
• Other payment modes such as credit/debit cards, net banking, etc., also remain available as before.
• For non-research services, you can pay on our normal UPI handles along with other methods like credit/debit cards, net banking, etc.
• This change is purely at the backend – there is no additional step required from your side. The payment experience remains the same.

How to identify @Valid UPI:

• The UPI ID will contain @valid along with the bank name.
• On your payment confirmation screen, you will see a white thumbs-up icon inside a green triangle, which assures you that payment is being made to a verified SEBI-registered intermediary.

SEBI Check: Link

• SEBI Check enables investors to verify the authenticity of UPI IDs and linked bank account details, either by scanning a QR code or manually entering the UPI ID. This will give you an additional and simple way to confirm that your payments are always directed to a genuine SEBI-registered intermediary.

SEBI has made this initiative mandatory for all intermediaries to provide investors with a secure, verified and transparent payment experience.

Frequently Asked Questions (FAQs) for Investors

• What is @Valid UPI?

@Valid UPI is a special, SEBI-validated UPI handle introduced for payments to SEBI-registered intermediaries. It assures investors that their payments are being made only to a genuine SEBI-registered entity.

• Why is SEBI introducing @Valid UPI?

SEBI has mandated @Valid UPI to enhance safety, transparency, and trust in financial transactions. When you pay using a @Valid UPI handle, you can be confident that the funds are going to a verified SEBI-registered intermediary.

• Is it compulsory for the investors to use the new handle only? Do I have to use @Valid UPI for all payments?
  Investors can choose their preferred mode of payment, including UPI, Credit/Debit Cards, Net banking, IMPS, NEFT etc. However, if you pay via UPI for Research Services, it should be made only to the @Valid UPI handle.
• What about other services?

For non-research services, payments can continue to be made using normal UPI handles or other available payment modes like Credit/Debit Cards, Net banking, IMPS, NEFT etc.

• Does @Valid UPI change my payment experience?

No. This is only a backend change. The payment process remains the same for you; there is no extra step or setup required.

• What should I check while making a payment using the new UPI IDs/ QR Code?
  Investors need to keep the following things in consideration:

• The UPI ID should properly show the name of the intermediary, followed by the short abbreviation of their 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 have a white thumbs-up icon inside a green triangle. It will also display the UPI ID just below the QR code.

• What is SEBI Check?

SEBI Check is a tool by SEBI that will allow you to:

• Verify whether a @Valid UPI ID truly belongs to a SEBI-registered intermediary.
• Confirm the linked bank account details before making a payment.

You will be able to use SEBI Check either by scanning a QR code or by manually entering the UPI ID.

• Do investors also need to obtain new UPI handles to transact in the securities market?
  No, the new UPI IDs are only for intermediaries to obtain, and investors can continue to use their existing UPI IDs.
• Whom to approach if my transaction/ payment fails with the new UPI ID?

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.

If you have any queries, please feel free to reach out.

Ayush Agrawal

Research Analyst

SEBI Registration No. INH000013013

First Floor, B.P. Complex, Baldeobagh, Jabalpur, Madhya Pradesh, 482002

Email: themicrocapinvestor@gmail.com

Number: +91 9425412028