RBI Proposes 1-Hour Delay for Large Digital Transactions to Combat Fraud
LH
Lena Hoffmann
AI Policy CorrespondentInc42✓Verified across 1 source
The Brief
The Reserve Bank of India is considering implementing a one-hour processing delay for digital transactions exceeding ₹10,000 to reduce financial theft. The measure aims to give customers time to detect and reverse fraudulent transfers. Watch for final RBI guidelines as digital fraud cases continue rising.
✓Verified across 1 independent source