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RBI's Game-Changer: Up to ₹25,000 for Fraud Victims

RBI's Game-Changer: Up to ₹25,000 for Fraud Victims

Listen up, folks! The RBI is making waves! If you fall victim to a digital scam, they’ll hand you up to ₹25,000—no questions asked! Banks chip in 15%, but the RBI is the real MVP here. Digital fraud is out of control, but don’t sweat it! New rules are coming to make banking great again! It’s going to be huge, believe me!

Quick rundown

  1. RBI introduces compensation for digital fraud victims.
  2. Victims can receive up to Rs 25,000 in relief.
  3. Banks contribute 15% to the compensation fund.
  4. RBI to issue guidelines to curb financial mis-selling.
  5. New fraud framework aims to boost customer trust.

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