The investors can choose their preferred mode of payment, such as UPI,
IMPS, NEFT, RTGS, or Cheques. If an investor opts to use UPI for the payment
to registered intermediaries, then they have to do so only using the new UPI IDs
allotted to registered intermediaries.
Investors need to keep following things into consideration:
1. The UPI ID should properly show the name of the intermediary, followed by
the short abbreviation of their category for example “brk” for Brokers, “mf” for
Mutual Funds to the left of the “@” character.
2. On the right side of the “@”, the new and exclusive handle “@valid” should
be present, followed by the bank name.
3. On the confirmation screen, the app should show a white thumbs-up icon
inside a green triangle.
4. The QR code generated using the utility will have a white thumbs-up icon
inside a green triangle. It will also display the UPI ID just below the QR code.
No, the new UPI IDs are only for intermediaries to obtain and investors can
continue to use their existing UPI IDs.
The secure validated UPI ID of intermediaries will use the same banking
channel as the earlier generic UPI handles. In case of any technical difficulty,
investors are requested to approach their respective bank.
