Short answer

You received this email because iRage refunded the ₹1 verification charge after linking your bank account using UPI.

When you link a bank account to your Arrow account using UPI, iRage debits ₹1 from your bank account to verify that your bank details are accurate and belong to you. iRage automatically refunds the ₹1 to your bank account within 24 hours. iRage also sends you an email notification once the refund has been processed.

Broker details

iRage Broking Services LLP (SEBI registration INZ000011262), product name Arrow. Registered office: Gift City, Gandhinagar.