RBI seeks feedback on authorized push payment scam safeguards
NewsBytes | April 10, 2026 12:39 PM CST
RBI proposes delay, authentication and limits
The RBI suggests adding a short delay for transactions over ₹10,000 so you have time to spot anything fishy.
For bigger payments above ₹50,000, especially if you're a senior citizen, they recommend extra authentication steps.
There's also talk of annual credit limits to stop accounts from being turned into mule accounts by fraudsters.
One standout idea: a "kill switch" that lets you instantly block all digital payments from your account if something feels off.
These changes aim to keep things convenient but much safer, and your input could help shape the final rules.
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