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Standardisation of UPI IDs for Fund Transfers
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In light of the increasing misuse of popular brand names by fraudulent entities creating unauthorised UPI IDs, the Securities and Exchange Board of India (SEBI) has mandated the adoption of standardised, validated, and exclusive UPI IDs for all SEBI-registered intermediaries. This initiative is designed to enhance investor protection and ensure that payments are routed securely to the verified accounts of registered market participants.
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As a SEBI-registered intermediary, we are fully compliant with this directive. Customers are advised to exercise due caution and make sure that you make payments to validated UPI ID only.
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Applicability
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Clients can add funds to their trading account from their bank account via UPI by submitting a request only through the website or mobile application.
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This feature is available to clients currently using the Deposit Fund Model account type which have fund-adding functionality. Other account holders, whose bank accounts are already linked to their trading and demat accounts, can make payments directly from those linked bank accounts.
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Conditions for Using UPI Payments
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1. Fund allocation
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The required limits need to be allocated in advance on expiry day.
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If you have allocated sufficient margin already under the F&O segment, no action is needed.
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2. Registered Bank Account Restriction
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Customers are required to ensure that UPI payments are made strictly through the bank account registered with us.
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Any payment attempt made from an unregistered account will not be processed.
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Process for Adding Funds via UPI
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Customers may add funds using the UPI mechanism by following the steps outlined below:
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Log in to your trading account.
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Navigate to the Funds section.
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Select Allocate Funds → Add Funds.
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Enter the amount you wish to add.
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Link your validated UPI ID (only the registered bank account-linked UPI ID is permitted).
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Click Proceed.
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Authorise the transaction in your UPI application.
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Upon successful verification, the funds will be reflected in your trading account.
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You can access our Official Validated UPI IDs, by logging to your ICICI Direct account
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Security Features of the Validated UPI ID
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Every validated UPI ID will display the category suffix (e.g. "brk" for brokers) along with the exclusive "@valid" handle linked to the issuing bank.
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In order to provide an additional layer of security and help investors verify the authenticity of an entity before proceeding with any financial transaction, SEBI is in the process of developing a functionality named "SEBI Check".
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Upon implementation, investors will see a white thumbs-up icon inside a green triangle on the payment confirmation screen, which serves as a mark of authenticity.
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Customers are strongly advised to verify the presence of this security icon before authorising any payment.
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Advisory
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Customers are strictly instructed not to transfer funds to any UPI handles other than validated IDs. Transactions made to unauthorised UPI IDs or to IDs resembling our brand name will not be recognised, and the company will not be held responsible for any loss arising therefrom. Please note that eligible customers can only add funds to their trading account by raising request from their logged-in section.
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Effective Date
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The use of validated UPI IDs for investor fund transfers will be effective from 1 October 2025, in accordance with SEBI Circular No. SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2025/86 dated 11 June, 2025.
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Disclaimer: This communication is issued in compliance with SEBI regulations to safeguard investor interests. Customers are advised to exercise utmost diligence and to rely solely on the official UPI ID specified herein for all fund transfers.
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| For any help, please feel free to reach out to us at |
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