RBI proposes compensation framework for small-value fraudulent digital transactions
06 Mar, 2026
RBI proposes compensation framework for small-value fraudulent digital transactions
Unit 8 — Information and Communication Technology (ICT)Unit 10 — Higher Education System
What Happened?
The draft directions released on 6 March cover banks and specified co-operative banks. For eligible fraud, the customer could receive 85% of the net loss or Rs 25,000, whichever is lower, subject to conditions; banks would have defined timelines for compensation.
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