@valid UPI ID setup
Every RA and IA must offer clients a validated @valid UPI ID, so they can check on SEBI Check that they are paying a registered adviser. We take you through the portal request and the bank, and put the ID and QR on your website and invoices.
Research Analysts and Investment Advisers who collect fees from clients.
To see when this and your other duties fall due, use the free compliance calendar.
- SEBI's circular of 11 June 2025 makes it mandatory for investor-facing intermediaries, RAs and IAs included, to obtain a @valid UPI ID and offer it to clients. Paying through it is optional for the client.
- The ID reads name.ra@validbank or name.ia@validbank. The name comes from your registration certificate or a registered trademark, and a QR code with the thumbs-up logo is mandatory.
- SEBI's letter of 15 October 2025, sent through BSE, set 30 November 2025 for all four steps: the portal request, the bank documents, a ₹1 test transaction and telling clients.
- SEBI asks for a clear display of the handle on your website and FAQs on SEBI Check, and you must offer the @valid ID as a payment option.
- Raise the request on SEBI's intermediary portal through BSE's interface, with the right username.
- Prepare the bank's KYC and whitelisting documents and follow up with the branch until the ID is approved.
- Run the ₹1 test and check the ID and QR on SEBI Check.
- Update your website, fee page, invoices and client agreement with the new ID and QR, and add the SEBI Check FAQ.
- Draft the message to your existing clients.
- Your SEBI registration certificate and portal login.
- The bank account you collect fees in, and the branch contact.
- Access to update your website, or the person who does.
Quoted on a call
We scope it against your registration, client count and financial year end, and give you a written price before you pay.
Do I need a new bank account?
No. SEBI's circular says your existing account works. Your bank has to be on SEBI's list of banks that issue @valid IDs.
I registered after November 2025. Do I still need it?
Yes. Every RA and IA must offer it. Set it up before you take your first fee.
Can clients still pay me by bank transfer?
The @valid ID must be offered as one of the payment options. Clients can check your ID, QR or bank account on SEBI Check before paying.
Want this taken off your list?
Tell us your registration type and financial year end. We will tell you what we would handle and what we need from you.
Sources: SEBI circular SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2025/86 of 11 June 2025 (@valid UPI IDs); BSE notices 20251020-4 (IA) and 20251020-5 (RA) of 20 October 2025, with SEBI's letter of 15 October 2025 and BSE's @valid SOP.