RBI to compensate bank customers for digital fraud
pre-market1 source ↓written by the desknot a recommendation
The Reserve Bank of India announced a compensation of up to ₹25,000 for customers affected by digital fraud. This initiative, funded by the ₹85,000-crore Depositor Education and Awareness Fund, aims to protect users even if they inadvertently share their OTP with fraudsters. Customers can claim this compensation only once in their lifetime, provided no malafide intent is found.
Not investment advice. For informational purposes only.