SEBI Verified App Label: As easy as it has become to invest through mobile apps, the risk of fraud has also increased. Keeping this in mind, SEBI (Securities and Exchange Board of India) has started a new initiative for the protection of investors.
Under this, Chairman Tuhin Kant Pandey has launched the Verified App label. The purpose of which is to clarify the difference between real and fake apps, so that people can avoid falling into the trap of fake platforms. Let us know about this…
How will the real app be identified?
Under this new initiative of SEBI, a special verified badge will be visible in Google Play Store on the official apps of registered brokers. With which users will be able to easily differentiate between real and fake apps.
Under this initiative of SEBI, till now more than 600 apps have received this recognition. There are plans to extend it to other financial platforms also.
It is necessary to check the app before investing
Advising investors to be cautious, SEBI has said that it is very important to properly identify any app before trusting it. Fake platforms can not only cause loss of money but also harm people’s trust.
There are more than 14 crore investors in the country and their number is increasing rapidly. Given this growing market, paying attention to security has become more important than ever.
SEBI has taken steps earlier also
SEBI has already taken several steps to protect investors. This includes initiatives like removing fake content, implementing UPI verification system and keeping an eye on advertisements.
So that online fraud can be reduced. Along with this, awareness campaigns are also run from time to time. So that people can be saved from fraud.
Also read: Relief: Rating agency S&P increased India’s growth forecast for the financial year 2026-27 to 7.1 percent.
