- In order to curb digital fraud, the Reserve Bank of India has released a discussion paper suggesting additional measures to prevent digital fraud.
- A time lag of 1 hour for the completion of digital payments of more than 10 thousand rupees.
- During this period, the payer’s bank would provisionally debit the customer’s account, and the Customer would retain the option to cancel the transaction for any reason. Read More
Reserve Bank of India Suggests New Safety Measures to Prevent Digital Frauds
Context
The RBI Measures: