RBI introduces a pilot scheme offering one-time compensation for victims of digital scams, effective January 1, 2027.

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…

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…

RBI mandates banks to enhance customer protection in electronic banking with compensation, SMS alerts, and 24/7 fraud reporting access.