Directions for the use of UPI Handles
In line with SEBI’s guidelines to enhance the safety and security of payment mechanisms in the securities market, we would like to inform you that all intermediaries, including IFIN as your stock broker, is now required to use validated and identifiable UPI handles for accepting payments from investors. This step has been introduced to safeguard investor interest, ensure greater transparency, and mitigate risks of fraudulent transactions.
We request you to kindly ensure that payments towards your trading and investment activities are made only through the validated UPI handles as given below :
You are free to continue using your preferred mode of payment, including:
Important Information: Investors making payments via the UPI ID are requested to send their transaction details as per the table given below from their registered mail id. Providing this information will speed up the allocation of funds to your client's account. Please email these details to chequeapproval@ifinltd.in and customercare@ifinltd.in. Further, please note that clients can transfer funds only from a registered bank account. Third-party funds transfers are strictly prohibited.