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What should I check while making payment using UPI IDs/ QR Code?
With SEBI's new UPI ID policy
rolling out, investors must stay vigilant to avoid frauds and ensure their money reaches the right destination. Before approving any payment, take a quick moment to check these key details:
1. Verify the UPI ID Format
The UPI ID should clearly display the name of the intermediary (such as your broker or mutual fund house). Just before the “@” symbol, look for the short abbreviation of their category—for example, “brk” for brokers or “dp” for depository.
A genuine Omniscient Securities UPI IDs are: theomniscient.brk@validkpay
2. Look for the New Handle
On the right side of the “@” sign, there must be the exclusive handle “@valid” followed by the bank name. This confirms that the payment request is from an authorized intermediary.
3. Check the Confirmation Screen
Your UPI app’s confirmation page should display a white thumbs-up icon inside a green triangle. This is a visual marker of a valid, regulated payment request.
4. Examine the QR Code
Any QR code generated by a recognized intermediary will also feature the white thumbs-up in a green triangle. The UPI ID will be printed just below the QR code for cross-checking.
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