Lost Money In Online Scam? RBI Says You Could Get Up to Rs 25,000 Back Soon
This article covers: Lost Money In Online Scam? RBI Says You Could Get Up to Rs 25,000 Back Soon
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Show Quick Read Summary is AI-generated, newsroom-reviewed RBI will compensate up to Rs 25,000 for digital payment fraud victims reporting within five days New rules to start from January 1, 2027, enhancing customer protection against digital frauds Banks must strengthen AI-based risk management to detect and prevent digital payment frauds Does this compensation policy cover all types of digital payment fraud? For years, cyber fraudsters thrived on one simple assumption: most victims would never get their money back.
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