The National Commodity & Derivatives Exchange Limited (NCDEX) on November 13, 2025, notified regarding the Adoption of Standardized, Validated, and Exclusive UPI IDs for Payment Collection by the SEBI-registered intermediaries from Investors.
The following has been stated namely: -
• Trading Members have been instructed to apply for “@valid” UPI handles through the NCDEX NCFE portal, following the platform’s prescribed workflow. It states that members registered with multiple exchanges shall ensure that the @valid UPI handle request is submitted through only one exchange to avoid duplication.
• The navigation path for submitting the request is provided (NCFE → Client → UPI Handle Request → Request New UPI), along with an attached SOP in Annexure II for step-by-step guidance.
• After submitting the request on the portal, members shall contact their respective banks to complete the necessary documentation for issuance of the @valid UPI handle.
[Notification no. - NCDEX/MEMBERSHIP-041/2025]
