Zerodha’s Nithin Kamath warns of rising broker frauds as SEBI rolls out UPI safeguards

To combat rising fraud, SEBI introduces a new UPI security feature for registered intermediaries like brokers and mutual funds, effective October 1, 2025. Validated UPI IDs, marked with a distinctive symbol, will ensure secure fund transfers. A tool called Sebi Check will allow investors to verify UPI IDs, enhancing transaction safety and accessibility in the securities market.