By Admin 
Sebi check tool: The Securities and Exchange Board of India (SEBI) has taken a new initiative towards preventing online fraud and investing safe. Two new facilities have been introduced by SEBI. With the help of @Valid UPI handle and Sebi check tool, SEBI is offering a safe payment option to those investing in mutual funds, shares and other securities. So that the money of investors goes to SEBI authorized organization and broker and investors can be saved from online fraud.
What is @Valid UPI handle
All brokers and mutual fund companies registered on SEBI will use such UPI handle, at the end of which @Valid will be written. Which will give information that SEBI has recognized the broker or institution. Also, “.BRK” will be used to identify brokers and “.MF” will be used for the institution.
Also, while paying in the @Valid UPI handle, the thumbs-up mark will appear in the green trangle. Which will give information that your money is going to SEBI registered broker or institution. For example, a broker’s UPI ID will look like abc.mf@validsbi for abc.brk@validsbi, and mutual funds. However, SEBI has informed that more than 90 percent of brokers and mutual funds are already using it.
Sebi check tool
Before investing money under SEBI check tool, investors can check the UPI ID of the broker by visiting SEBI’s charioteer app or SEBI website. The @Valid UPI ID or account number and IFSC code of the broker are used for this UPI ID. SEBI informed that this step will help in reducing fraud and will also help investors safely pay.
Investors will benefit
This move of SEBI will benefit investors and they will be able to avoid online fraud. Small investors will benefit the most. With the system becoming transparent, real brokers and mutual fund company will be identified very easily. Due to which the money of investors will reach the right place. Just investors will have to invest these things in mind.
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