SEBI’s New UPI Regulations for PMS Investors: A New Era of Safety, Transparency & Trust

Tuesday, Dec 2, 2025

SEBI has announced a major reform that strengthens how investors make payments to SEBI-registered intermediaries—including Portfolio Managers (PMs). These new rules introduce validated, standardised, and exclusive UPI IDs that ensure investor payments reach the correct, SEBI-verified entity every time.

WHY HAS SEBI INTRODUCED VALIDATED UPI IDs?

• Better investor safety by ensuring funds go only to verified intermediaries.

• Higher transparency, thanks to a structured UPI format unique to each registered category.

• Standardisation across the securities market.

• Reduced fraud, as only SEBI-verified handles are permitted for payment collection.

WHAT CHANGES FOR PMS INVESTORS?

1. PMs will use a dedicated UPI format ending with “.pms”.

2. A new “@valid” handle will be used across all validated UPI IDs.

3. A visual security marker—a white thumbs-up inside a green triangle—will appear on IDs and QR codes.

4. Validated UPI IDs are mandatory for PMS providers but optional for investors.

5. Old UPI IDs will be discontinued from October 1, 2025.

BENEFITS FOR PMS CLIENTS:

• Verified payments

• Standardised format across PMS providers

• Quick verification with SEBI Check

• Multiple bank options

GREEN PORTFOLIO PMS: VALIDATED UPI DETAILS

UPI IDs:

• green.indpms.pms@validicici

• green.idpms.pms@validicici

Validated PMS QR Codes:

QR Code 1: green.idpms.pms@validicici

QR Code 2: green.indpms.pms@validicici

WHAT SHOULD EXISTING PMS CLIENTS DO NOW?

• Continue using the existing payment method until the validated ID is shared.

• After October 1, 2025, only the validated UPI ID must be used for UPI transfers.

• Always check SEBI verification indicators before paying.

GREEN PORTFOLIO’S COMMITMENT TO TRANSPARENCY:

Green Portfolio welcomes this regulation as it enhances investor safety, clarity, and trust.

Updates will continue as banks and SEBI complete the implementation process.