RBI: Up to ₹25,000 Compensation for Minor Digital Frauds

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RBI proposes ₹25,000 compensation for digital fraud victims

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CNBC TV18•06-03-2026, 18:31

RBI proposes ₹25,000 compensation for digital fraud victims

•RBI proposes a compensation framework for small digital banking frauds, offering up to ₹25,000 once in a lifetime.
•Victims can receive 85% of net loss or ₹25,000 (whichever is lower) for losses up to ₹50,000.
•Fraud must be reported to the bank and National Cyber Crime Reporting Portal/Helpline within five calendar days to qualify.
•Compensation involves contributions from RBI (65%), customer's bank (10%), and beneficiary bank (10%) for losses below ₹29,412.
•The framework expands definitions of fraudulent transactions, clarifies bank/customer negligence, and mandates zero liability in specific cases.

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