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FRAUD COMPENSATION BY RBI
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
- RBI mandates kill switch for AI models at banks, introduces comprehensive model risk framework
- RBI expands digital fraud protection, introduces compensation for small-value scam victimsThe RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to sca...24 Jun, 2026, 05.54 PM IST
- 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
- The safe keepers: Inside India's booming locker economyIndia’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...07 Jun, 2026, 08.41 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
- 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
- WhatsApp banned 9,400 accounts involved in digital arrest scams since January this year: Centre to SCAuthorities are launching a major crackdown on digital arrest scams. WhatsApp has banned thousands of accounts involved in these frauds. Ne...28 Apr, 2026, 01.22 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
- Compensation for cyber fraud: RBI’s new initiative works for many customers but know when it doesn’t work for othersDigital transactions are rising in India. This has led to an increase in digital frauds. The RBI is proposing compensation for customers lo...13 Mar, 2026, 05.39 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
- RBI caps claims for small-value digital frauds at Rs 50,000; banks to prove customer liabilityRBI new digital fraud rules: Compensation will be provided if the loss is established as genuine under the bank’s internal policy and the v...07 Mar, 2026, 12.55 AM IST
- RBI tightens norms against mis-selling, coercive recovery: Impact on consumersThe Reserve Bank of India is prioritizing customer protection in its latest monetary policy. New rules will target mis-selling of financial...09 Feb, 2026, 12.40 PM IST
- Customers to get safety net against small cyber fraudsCyber fraud: The steps proposed Friday include a proposal to compensate customers up to ₹25,000 for losses arising from small-value digital...07 Feb, 2026, 05.30 AM 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
- RBI acts on fraud: Customers to get up to Rs 25,000 compensation for losses incurred in small value fraudulent transactions, announces RBIBank customers who fall victim to small value financial fraud can now receive compensation. The Reserve Bank of India announced this new po...06 Feb, 2026, 11.19 AM IST
- Banks to pay for credit card frauds: RBIBanks were required to get credit card swipe machines upgraded by September-end and have all the cards upgraded by November.29 Sep, 2013, 07.23 AM IST
- Citibank fraud:Citibank’s bottomline may face Rs 300-cr hitCitibank is likely to face a blow on its bottomline during the current financial year on account of the Rs 300-350 crore fraud at its Gurga...30 Dec, 2010, 11.28 AM IST
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