Online fraud losses? RBI may compensate up to ₹25,000, but conditions apply. Check here

The Reserve Bank of India will propose a framework to compensate customers up to ₹25,000 for losses from small-value fraudulent digital transactions, Governor Sanjay Malhotra said on Friday, as part of steps to strengthen customer protection and payment safety. Draft guidelines will be issued soon and will review customer liability in electronic banking frauds.

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