The Securities and Exchange Board of India (SEBI) has announced a significant development geared towards simplifying fee payments. Securities market participants can now use an online remittance system, accessible directly from the SEBI homepage. This system allows the payment of SEBI fees through various digital methods.
Analysis: The new online remittance system reflects SEBI’s continued commitment to streamline and digitalize operations. It offers a choice of several payment methods, including Net Banking, NEFT/RTGS, Debit Cards/Rupay Debit Cards, and UPI, offering flexibility to securities market participants. The new system requires users to provide essential information, thereby ensuring secure and transparent transactions. However, it should be noted that SEBI-registered intermediaries and fresh registration applicants will continue using the SEBI Intermediaries Portal for their fee payments.
Conclusion: SEBI’s introduction of an online remittance system for fee payment is a notable step forward in enhancing user experience and simplifying transactions for securities market participants. By embracing digital payment methods, SEBI is further aligning with the global shift towards a digital financial ecosystem, signaling its readiness to adopt evolving technologies for the betterment of its operations and the overall securities market.
Securities and Exchange Board of India
Press Releases No. 11/2023
Online Remittance of Fees Payable to SEBI
In order to facilitate securities market participants to remit fees payable to SEBI online, a link has been provided in the Homepage of SEBI Website (www.sebi.gov.in) under the head “Click here to make payment of SEBI Fees”. The link enables the remitter to make payment in any of the following manner:
– Net Banking;
– NEFT / RTGS;
– Debit Cards / Rupay Debit Cards
– UPI
While making the remittances online, entities shall furnish the requisite information like name, email ID, mobile number, address, PAN, nature of fee, GST details (if applicable), etc.
The above facility is for any entities other than registered intermediaries requiring to make payment to SEBI. SEBI registered intermediaries and applicants for fresh registration will continue to remit fees (Application Fee, Registration Fee, Renewal Fee, Filing Fee, etc.,) through SEBI Intermediaries Portal i.e., siportal.sebi.gov.in.
Mumbai
June 27, 2023
