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CYBER FRAUD COMPENSATION
Lost Rs 50,000 in digital fraud? Soon, you can get 85% amount back if you follow these rules - 3 calculations to explain how this works- RBI finalises digital banking fraud protection rules; introduces shadow reversal, extends relief to sole proprietors
- PFRDA tightens NPS audit rules: Pension body orders regular audit checks for PoP service providers
- Can DigiLocker replace your bank locker? What you need to know about storing important documentsIndians face a choice between traditional bank lockers and the government's DigiLocker for important documents. While DigiLocker offers con...17 Jun, 2026, 06.30 AM IST
- Is RBI running any donation or lottery compensation scheme? Check detailsA fake email claiming to be from the Reserve Bank of India is circulating. It asks people to pay a credit fee for a 'Donation Program 2026'...26 May, 2026, 04.47 PM IST
- Good news for senior citizens: Money in this bank can now only be transferred by double OTP verification one to a/c holder and another to trusted contactSenior citizens in Gurugram and Faridabad now have enhanced security for their bank accounts. HDFC Bank has introduced a double OTP system....20 May, 2026, 10.17 AM IST
- Inside WhatsApp's measures to curb digital arrest scamsWhatsApp is using AI to combat digital arrest scams, banning thousands of impersonating accounts. Authorities are working to prevent signif...29 Apr, 2026, 05.25 PM IST
- CJI Surya Kant flags rising 'digital arrest' scams duping educated peopleChief Justice of India Surya Kant voiced shock at educated people being defrauded by digital arrests. A recent case involved an elderly wom...20 Apr, 2026, 12.53 PM IST
- How a Rs 20 electricity bill payment by an SBI customer led to the bank paying Rs 2.2 lakh in compensationA State Bank of India customer was defrauded of ₹1.99 lakh after attempting a ₹20 electricity bill payment. The National Consumer Disputes ...17 Apr, 2026, 01.12 PM IST
- RBI proposes compensation for bank fraud losses up to Rs 50,000New RBI proposals aim to protect bank customers from fraudulent electronic transactions, potentially offering compensation up to ₹50,000 ev...07 Mar, 2026, 07.51 AM IST
- SC terms siphoning of over Rs 54,000 cr by digital fraud 'dacoity', asks Centre to frame SoPThe Supreme Court has strongly condemned digital fraud, terming it 'robbery or dacoity'. Over Rs 54,000 crore has been siphoned off. The co...09 Feb, 2026, 04.05 PM IST
- Online fraud losses? RBI may compensate up to ₹25,000, but conditions apply. Check hereThe Reserve Bank of India will propose a framework to compensate customers up to ₹25,000 for losses from small-value fraudulent digital tra...06 Feb, 2026, 01.11 PM IST
- Banks will have to pay cyber fraud victims if…, Haryana DGP makes a big announcement on online scamsHaryana DGP OP Singh stated banks may be liable for cyber fraud losses if due diligence is not followed, emphasizing proactive prevention o...03 Dec, 2025, 03.02 PM IST
- Delhi HC holds SBI accountable for cyber fraud, orders Rs 2.6 lakh refund, penalty, and compensation for victimDelhi High Court directed State Bank of India to return 2.6 lakh rupees. A man lost the money to cybercriminals. The court found SBI's resp...25 Nov, 2024, 04.02 PM IST
- Bank must refund money to customer for reported online fraud: CourtThe Navsari Consumer Disputes Redressal Commission (CDRC) has ordered the State Bank of India (SBI) to compensate a victim of UPI cyber fra...26 Oct, 2023, 12.27 PM IST
- Cyber fraud victims should be immediately compensated by financial institutions: Parliamentary panelA parliamentary panel has called for immediate compensation to cyber fraud victims by financial institutions, saying this will go a long wa...01 Aug, 2023, 06.00 PM IST
- Flipkart, Bajaj Allianz launch cyber insurance to cover online financial fraudsThis insurance compensates for direct financial loss (up to the sum insured) due to unauthorised digital financial transactions as a result...29 Sep, 2020, 03.19 PM IST
- In a first, cybercrime insurance cover for individualsWhile customised cyber liability cover for businesses has been around for years, these were not over-the-counter covers that could be bough...03 Nov, 2017, 08.28 AM IST
- Cards, net banking-related frauds dip 6% to 14,824 in 201677 cases of Internet banking-related frauds were reported involving Rs 2.1 crore in 2016, up over 45 per cent from 2015 when 53 cases invol...15 Mar, 2017, 05.40 PM IST
- Online banking frauds caused Rs 5.90 crore losses in 2009A Parliamentary panel report on Thursday said online banking frauds causing losses of Rs 5.90 crore were registered in 2009.04 Aug, 2011, 09.50 PM IST
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