RBI Rules: Don’t worry about online fraud; Provision of compensation upto Rs.25 thousand from RBI

• Victims of digital fraud will get compensation up to Rs 25 thousand
• Don’t worry if you get scammed online
• RBI relief on rising incidence of digital fraud

Digital Fraud Compensation News Marathi : If you Due to online fraud If you have lost your hard earned money, RBI has now decided to provide relief. The Reserve Bank of India has decided to expand the scope of digital fraud regulations. If someone has tricked you into transferring money, the RBI has now introduced a compensation scheme for victims of small-scale digital fraud.

Claim only once in a lifetime

According to the Economic Times, under the revised rules, individuals who have suffered a loss of up to ₹50,000 due to fraudulent electronic banking transactions can get compensation of up to 85% of their total loss. This compensation can be up to a maximum of ₹25,000 and a person can claim it only once in a lifetime.

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Money available in these cases too

The Reserve Bank of India said the revised guidelines will come into effect from January 1, 2027. These new rules also cover cases where someone has fraudulently stolen your password or OTP and initiated a transaction. This also includes cases where victims have sanctioned transactions under duress or duress.

Investigation must be completed within 45 to 60 days

As per the new framework, banks are required to investigate complaints related to domestic fraudulent electronic banking transactions within 45 calendar days and international complaints within 60 calendar days. If these deadlines are exceeded, banks must explain the reason to the customer.

In case of fraudulent credit card transactions, banks are required to issue a ‘shadow reversal’ (temporary refund) of the disputed amount within five calendar days of receiving information from the customer. Additionally, the RBI has retained the requirement to send instant SMS alerts to banks for electronic transactions above ₹500. of RBI It is said that for those who do not have smartphones or internet access, SMS is the only electronic means of communication.

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