SEBI registered entities to use only '1600' phone number series for service, transactional calls

In a bid to strengthen investor protection and tackle financial fraud, the markets regulator Securities and Exchange Board of India (SEBI) announced that all regulated and registered entities must use the '1600' phone number series exclusively for service and transactional voice calls to their current customers. This move aims to bolster investor security by reducing the likelihood of fraud carried out by unscrupulous individuals who often use regular 10-digit numbers to mask their identities. By implementing the '1600' number series, investors will find it easier to recognise and accept calls from SEBI-regulated entities, thus lowering the chances of falling prey to financial scams.

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