Get your “@valid” UPI ID by 6 October 2026 — BSE clarifies for RAs
BSE (RAASB) has issued a clarification on how Research Analysts must implement SEBI's “@valid” UPI IDs. In short: every investor-facing bank account you use to collect fees must be linked to a “@valid” UPI ID — so it's verifiable through SEBI Check — and you must do it by 6 October 2026.
Based on: SEBI Circular SEBI/HO/DEPA-II/DEPA-II_SPG/P/CIR/2025/86 (11 Jun 2025) & Exchange Notice 20250908-19 (8 Sep 2025); with a fresh SEBI clarification dated 7 August 2026 (clarification in Annexure A, FAQs in Annexure B).
What's required
- Link every investor-facing bank account — any account through which you receive funds from individual / non-institutional investors — to a “@valid” UPI ID.
- This ensures each such account is verifiable through SEBI Check (so investors can confirm they're paying a genuine, SEBI-registered RA).
- New accounts too: any new investor-facing bank account you open later must also be linked to a “@valid” UPI ID.
How to apply — step by step
- 1. Log in to the BSE portal via iaraportal.sebi.gov.in.
- 2. Go to BSE portal → “UPI Request Handle” and submit your request.
- 3. Once your UTN is generated, approach your bank to complete the documentation/process for the “@valid” UPI handle.
Need the right person at your bank? Our UPI Banks contact list has the bank-wise details (KYC, bank statement & RA certificate are typically needed).
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Disclaimer
This post is a plain-English awareness summary, compiled with the help of AI. It is for general information only and is not legal, compliance, tax, or investment advice.
Always read the full official BSE Notice 20260813-3 and its Annexures, and verify the exact requirement and dates from the official sources (bseindia.com / sebi.gov.in), or consult a qualified professional, before acting. RA Sahayak is a free, non-commercial resource and is not affiliated with SEBI, BSE, or any regulator.