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    Question

    SEBI’s mandate requiring market intermediaries to use

    ‘Valid UPI’ handles becomes effective from:
    A September 1 Correct Answer Incorrect Answer
    B October 1 Correct Answer Incorrect Answer
    C November 1 Correct Answer Incorrect Answer
    D December 1 Correct Answer Incorrect Answer
    E January 1 Correct Answer Incorrect Answer

    Solution

    The circular specifies that from October 1, all market intermediaries must transact using Valid UPI handles. These are issued only to verified intermediaries via SEBI’s portal, ensuring standardisation and fraud risk mitigation tied to identity verification.

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