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    Question

    From October 01, 2025, all stock market intermediaries

    such as brokers, mutual funds and portfolio managers are required to use verified UPI IDs that are standardized and issued via validated bank handles. Who regulates the UPI in India?
    A RBI Correct Answer Incorrect Answer
    B SEBI Correct Answer Incorrect Answer
    C IRDA Correct Answer Incorrect Answer
    D PFRDA Correct Answer Incorrect Answer
    E M/o Finance Correct Answer Incorrect Answer

    Solution

    Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), a RBI regulated entity. UPI is built over the IMPS infrastructure and allows you to instantly transfer money between any two parties' bank accounts. UPI is regulated by RBI like various other payment settlement systems in India.

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