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E-fraud victims to get 85% of loss or Rs 25k as compensation

MUMBAI: Come Jan 2027, first-time victims of online frauds can receive compensation that is lower of either Rs 25,000 or 85% of the loss amount through a state-backed co-contributed compensation mechanism. RBI has delayed by six months this proposal that provides limited compensation to victims even if they have given away OTP or password.

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economictimes.indiatimes.com

timesofindia.indiatimes.com

thehindu.com

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timesofindia.indiatimes.comStai leggendo1 mese fa

E-fraud victims to get 85% of loss or Rs 25k as compensation

originale

economictimes.indiatimes.com1 mese fa

Lost Rs 50,000 in digital fraud? Soon, you can get 85% amount back if you follow these rules - 3 calculations…

As per the latest RBI guidelines, if you have lodged a complaint for the fraudulent transaction within 5 calendar days, you shall be compensated the lower of 85% of the net loss amount or Rs 25,000. These rules will…

Timeline cronologica

mercoledì 24 giugno 2026·economictimes.indiatimes.com
RBI expands digital fraud protection, introduces compensation for small-value scam victims
The RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to scammers and introduced a compensation…
mercoledì 24 giugno 2026·economictimes.indiatimes.com
RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietors

Victims of digital payment fraud losing up to Rs 50,000 can now get up to Rs 25,000 compensation from banks, effective January 1, 2027. The RBI will fund 65% of this, with banks…

E-fraud victims to get 85% of loss or Rs 25k as compensation

Confronto fonti

E-fraud victims to get 85% of loss or Rs 25k as compensation

Lost Rs 50,000 in digital fraud? Soon, you can get 85% amount back if you follow these rules - 3 calculations…

Timeline cronologica

RBI expands digital fraud protection, introduces compensation for small-value scam victims

RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietors

RBI’s digital scam compensation pilot | Explained

E-fraud victims to get 85% of loss or Rs 25k as compensation

RBI’s digital scam compensation pilot | Explained

Lost Rs 50,000 in digital fraud? Soon, you can get 85% amount back if you follow these rules - 3 calculations to explain how this works -…