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RBI proposes compensation for UPI, card and internet banking fraud up to ₹50,000: New digital payment rules explained
As digital payments continue to grow rapidly in India, incidents of online financial fraud are also increasing. To strengthen ...
MUMBAI: The RBI has issued amended directions proposing stronger safeguards for customers facing digital fraud by increasing the compensation percentage to 85 b ...
Ashok K Razdan akrazdan6@gmail.com Digital banking has emerged as one of the most transformative developments in India’s financial landscape. With the rapid expansion of smartphones, affordable ...
RBI proposes compensation for small-value digital banking fraud, offering up to ₹25,000 to victims and introducing stricter safeguards, alerts and complaint timelines for banks.
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