The NCDEX Limited (NCDEX) on August 12, 2026, issued a circular regarding clarification regarding the implementation of "@valid" UPI ID.
The following has been stated: -
•SEBI has clarified the implementation of “@valid” UPI IDs for investor-facing/upstreaming bank accounts maintained by trading members.
•All such accounts receiving funds from individual/non-institutional investors must be linked with a “@valid” UPI ID and be verifiable through SEBI Check.
•Trading Members must apply for the UPI handle through the NCFE portal and complete the required process with their respective banks.
•Members are required to ensure compliance within T+30 days from August 07, 2026, i.e., by September 06, 2026.
[Circular No. : NCDEX/MEMBERSHIP - 32/2026]
