00:00There's a lot of concern, public concern. We read also that many people are becoming prey to fraud, cyber frauds, in which a lot of cloning of apps happen.
00:12You know, the people are taken to some similar-looking apps of the brokers or through WhatsApp, and the people then are able to invest in that money,
00:22thinking that they are actually investing with the registered brokers, but they are actually not.
00:27They are being just taken to this, and a huge amount of money many of the people have lost.
00:34And these complaints do also come to us, where basically it's a police action, the cybercrime, and then it goes through the cyber helpline, you know, 1930,
00:47and it has to go through that action, but the money is transmitted very, very fast from one bank account to another.
00:55The people are really losing. We have to find out some systemic solutions to it, because we have, as you know that,
01:04we have 130 million unique investors now, and a lot of new investors are coming, and we needed a system where,
01:14at least on the securities market, the people are investing. We are bringing in a valid, a new UPI, within the UPI system,
01:25system, and we have seen how it will help in knowing for you to know, and you can check up on any bank account,
01:35whether it is a bank account of a registered inventory, either broker or mutual fund, you should be able to check it.
01:43So this would be very handy, and going forward, as we roll, see, it will be implemented from 1st of October.
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