RBI Fraud Compensation: ₹25,000 Coverage for Customers
Reserve Bank of India (RBI) has introduced a new framework to protect customers from small-value fraudulent transactions, ensuring enhanced digital payment safety and boosting confidence in banking services. Reserve Bank Governor Sanjay Malhotra unveiled a new framework to reimburse clients for losses resulting from small-value fraudulent transactions up to ₹25,000. RBI’s New Customer Compensation Framework … Read more