SEBI’s new UPI security feature
The number of fraud cases involving scammers impersonating Research Analyst / Stock Broking entity and asking for money to be transferred to random accounts has skyrocketed.
To protect investors, SEBI has introduced a new UPI security feature. All legitimate fund transfers will now only go to verified UPI handles like: RAname@validbank
Investor Disclosure Pursuant to SEBI Circular on Adoption of Standardised, Validated and Exclusive UPI IDs
Macquarie Capital Securities (India) Pvt. Ltd. (“MCSIPL / Macquarie India”) is a SEBI registered Research Analyst and Stock Broking entity which deals with only institutional clients. Macquarie India do not accept or receive any funds/ securities from the clients directly under any circumstances.
Important Notice to Investors:
- Please do not transfer any funds or securities to anyone claiming to represent Macquarie India or MCSIPL requesting payments in the name of Macquarie India / MCSIPL.
- Any such requests are unauthorised and fraudulent. MCSIPL never ask investors to transfer funds or securities directly to its account or through UPI IDs for payment collection.
Reference to SEBI Guidelines:
- SEBI has issued guidelines for adoption of standardised, validated and exclusive UPI IDs for payment collection by SEBI registered intermediaries.
- As Macquarie India / MCSIPL does not collect funds directly from investors, these guidelines do not apply to our operations.
- Investors are advised to refer to the FAQs released by SEBI for further information and clarity on safe fund transfers and payment collection practices.
Stay vigilant. Protect your investments.
