Mumbai, June 11, 2025 (ANI): As SEBI today launched a new tool to verify the authenticity of UPI addresses, Securities and Exchange Board of India Chairman Tuhin Kanta Pandey on June 11 said that this the new tool ("SEBI check" tool) would be implemented from October 1st and would be very handy. “There is a lot of public concern regarding cyber fraud. We have to find systemic solutions to it. We have 130 million unique investors now, and we need a system in the securities market where they invest through a system where they know they are investing at the right place,” said Tuhin Kanta Pandey. “We are introducing a system within the UPI system to check whether or not a UPI address is genuine, like that of a bank, broker, etc. This would be very handy. It will be implemented from 1st October,” he added.
