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RBI's clever plan to fight digital fraud with waiting times!

RBI's clever plan to fight digital fraud with waiting times!

The Reserve Bank of India is on a mission to tackle digital fraud with some clever ideas! They're suggesting a one-hour waiting period for big payments over ₹10,000, giving you time to think twice. This plan will be reviewed after feedback is collected until May 2026, aiming to keep our money safe and sound!

Quick rundown

  1. RBI proposes measures to curb digital payment fraud.
  2. Lagged credits suggested for transactions over ₹10,000.
  3. Trusted person authentication for vulnerable users.
  4. Kill switch proposed for instant digital payment disablement.
  5. Feedback on proposals invited until May 8, 2026.

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