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#RBI #DigitalFraud #CustomerProtection #OnlineBanking #FinancialRegulation

RBI Proposes ₹25,000 Compensation for Small-Value Digital Frauds; Draft Guidelines on Customer Protection Planned

The Reserve Bank of India (RBI) on Friday proposed a new framework to compensate bank customers for losses arising from small-value fraudulent digital transactions, with compensation capped at ₹25,000. The proposal was announced by RBI Governor Sanjay Malhotra while unveiling the final bi-monthly monetary policy of the current financial year.
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