Disclosure : Validated UPI ID for Secure Investor Payments

In compliance with SEBI Circular SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2025/86 dated June 11, 2025 ON Adoption of Standardised, Validated and Exclusive UPI IDs for Payment Collection by SEBI Registered Intermediaries, INDstocks Private Limited (Formerly known as INDmoney Private Limited) - Research Analyst Services Unit (Separately Identifiable Unit) having SEBI Research Analyst Registration No. INH000018948 and BSE RA Enlistment No. 6428 has adopted a standardised, validated and exclusive UPI ID mechanism for secure collection of funds from investors.

We are using a validated UPI ID for payment, please prefer to pay us at indstocks.ra@validicici

Scan to Pay

Please scan the below QR code to make payments.

icici-qr

Investor FAQs

1. Is it compulsory for the investors to use the new handle only?

The investors can choose their preferred mode of payment, such as UPI, IMPS, NEFT or RTGS. If an investor opts to use UPI for the payment to registered intermediaries, then they have to do so only using the new UPI IDs allotted to registered intermediaries.

2. What should I check while making payment using the new UPI IDs/ QR Code?

Investors need to keep following things into consideration:

  1. The UPI ID should properly show the name of the intermediary, followed by the short abbreviation of their category for example “brk” for Brokers, “ra” for Research Analyst to the left of the “@” character.
  2. On the right side of the “@”, the new and exclusive handle “@valid” should be present, followed by the bank name.
  3. On the confirmation screen, the app should show a white thumbs-up icon inside a green triangle.
  4. The QR code generated using the utility will have a white thumbs-up icon inside a green triangle. It will also display the UPI ID just below the QR code.

3. Do investors also need to obtain new UPI handles to transact in the securities market?

No, the new UPI IDs are only for intermediaries to obtain and investors can continue to use their existing UPI IDs.

4. Whom to approach if my transaction/ payment fails with the new UPI ID

The secure validated UPI ID of intermediaries will use the same banking channel as the earlier generic UPI handles. In case of any technical difficulty, investors are requested to approach their respective bank.

Important Notice

This validated UPI ID is exclusive for investor payments to INDstocks Private Limited (Formerly known as INDmoney Private Limited) - Research Analyst Services Unit (Separately Identifiable Unit).

Do not make payments to any other UPI ID or account claiming association with us.

For assistance, contact us at: rasupport@indmoney.com