SEBI Update – Change in Mode of Payment w.r.t. SEBI Investor Protection & Education Fund Bank A/c

Securities and Exchange Board of India (SEBI) has issued a new circular dated September 4, 2023, outlining important changes in the mode of payment with respect to the SEBI Investor Protection and Education Fund (IPEF).

The new directive mandates that payments must now be made exclusively through a designated link www.sebi.gov.in

New Payment Options: SEBI has expanded the range of payment options for remittances to the IPEF, now including: 

Net Banking 

NEFT/RTGS

Debit Cards 

UPI

While making online payments through the newly provided link, payers are required to furnish specific details such as their name, PAN, mobile number, email ID, the purpose of the payment, and the amount to be paid. This aims to make the transaction transparent and traceable.

Link – https://www.sebi.gov.in/legal/circulars/sep-2023/change-in-mode-of-payment-w-r-t-sebi-investor-protection-and-education-fund-bank-a-c_76474.html