Sebi approves UPI-based blocking mechanism, 3-in-1 account facility for qualified merchants from 1 February.

In a move aimed at improving investor convenience, markets regulator Sebi has directed qualified stockbrokers (QSBs) to offer two new trading options from February 1, 2025. The new options include UPI-based block mode for second or third market trading. -one trading account facility, which combines savings account, demat account, and trading account into one solution.

The order, revealed in a circular issued by Sebi, comes after the board approved the proposal in late September. It mandates that QSBs, in addition to the current trading methods, should offer their customers a block method based on UPI or a three-in-one account facility.

Under the UPI block mechanism, clients will be able to trade in the secondary market using blocked funds from their bank accounts, eliminating the need to transfer funds in advance to a trading member. Meanwhile, the three-in-one account center allows customers to have their money in a savings account, earn interest on the balance, while also linking it to their trading and checking accounts.

Sebi’s initiative aims to provide greater flexibility and convenience to investors, enabling them to manage their funds effectively. The new measures will take effect from February 1, 2025, and will give clients the option to continue with the existing facility or choose new options.

Qualified stock brokers (QSBs) are selected based on factors such as the size and scale of their operations, number of active clients, total client assets, and trading volume.

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