What should I check while making payment using UPI IDs/ QR Code?

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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.

 

Example: A genuine Geojit payment request will appear as geojitinvestments.brk@validhdfc

 

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 authorised 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.