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RBI Unleashes New Rules to Body Slam Digital Fraudsters

RBI Unleashes New Rules to Body Slam Digital Fraudsters

Listen up, folks! The RBI is stepping into the ring, proposing a bold one-hour lag on payments over ₹10,000 to give you time to cancel before cash flies away! They're also bringing in trusted pals for those who need an extra layer of protection. This is not just a suggestion; it's a full-on smackdown against fraudsters! Get ready to protect your hard-earned cash!

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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