Thursday, 25 June, 2026
Safety Net for Scams: RBI Unveils New Digital Fraud Compensation Rules
By TechShots Studio
The Reserve Bank of India has announced a landmark framework starting January 1, 2027, protecting online scam victims. Under a one-year pilot, citizens defrauded of up to ₹50,000 can reclaim 85% of their lost funds (capped at ₹25,000) once in a lifetime. To qualify, victims must report the incident to their bank and the cybercrime portal within five days.
Read full story at TIMES OF INDIA