Payments via UPI for PMS Accounts

In accordance with SEBI Circular dated June 11, 2025, on "Adoption of Standardised, Validated and Exclusive UPI IDs for Payment Collection", Alchemy Capital Management Private Limited has implemented the new standardised, validated, and exclusive UPI ID mechanism for receiving payments from investors under its Portfolio Management Services (PMS).

Please find below the details of the exclusive UPI IDs corresponding to each custodian bank account:

  1. 1. For accounts maintained with Kotak Bank Ltd
    You may make payments using the following UPI ID:

    alchemycapital.pms@validkpay

  2. 2. For accounts maintained with HDFC Bank Ltd
    You may make payments using the following UPI ID:

    alchemycapital.pms@validhdfc

  3. 3. For accounts maintained with ICICI Bank Ltd
    You may make payments using the following UPI ID:

    alchemycapital.pms@validicici

In case of any doubts regarding the correct bank account or payment process, please write to us at contactus@alchemycapital.com.

FAQs on Validated UPI IDs for Payments

SEBI has introduced a structured UPI address mechanism to ensure secure and verified payments to SEBI-registered intermediaries. These UPI IDs are validated and exclusive, helping investors confirm they are paying to verified registered market intermediaries, and at the same time, its absence would caution investors about the risk of making payments to unauthorised entities.
The investors can choose their preferred mode of payment, such as UPI, IMPS, NEFT, RTGS, or cheques. If an investor opts to use UPI for the payment to the registered intermediaries, then they have to do so only using the new UPI IDs allotted to registered intermediaries.
The investor should keep the following things in consideration:

• The UPI ID should properly show the name of the intermediary, followed by the short abbreviation of their category, for example, “pms” for portfolio manager, to the left of the “@” character.
• On the right side of the “@”, the new and exclusive handle “@valid” should be present, followed by the bank name.
• On the confirmation screen, the app should show a white thumbs-up icon inside a green triangle.
• 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.
• In order to provide an additional layer of security and help investors verify the authenticity of an entity before proceeding with any financial transaction, SEBI has developed a functionality named “SEBI Check”. You may also cross-check the above details using the “SEBI Check” tool, which is available on the SEBI website.
No, the new UPI IDs are only for intermediaries to obtain, and investors can continue to use their existing UPI IDs.
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 banks.
The current UPI transaction limit for capital market transactions is INR 5 lakhs & cumulative limit is INR 10 lakhs per day, subject to periodic review.
The UPI IDs are displayed prominently on our website.
You may also reach out to your Alchemy representative for further assistance.
The validated UPI IDs are available for investor use starting October 01, 2025.
No. The UPI facility is currently available only for domestic PMS pool accountholders. NRI investors or non pool investors are required to transfer funds through the permitted banking channels like NEFT, RTGS or such other approved modes.