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Since demonetisation, digital transactions (UPI Payments) revolution has come in the hands of Prime Minister Narendra Modi’s ‘Digital India’. Which has become bigger since the time of covid. But the Reserve Bank of India wants to make big changes in UPI transactions. In fact, the central bank is thinking like this to prevent ‘digital fraud’.

What changes? RBI has released a discussion paper in this regard. Where it is shown that in 2021 where 551 crores of online fraud was reported, it has increased to 22 thousand 931 crores in 2025! And in this situation, ‘one hour wait’ is being thought of to prevent online fraud. If it is implemented, online account-to-account financial transactions above Tk 10,000 will have to wait for one hour. Even if the money is debited from the account of the sender, the money will be ‘held’ by the bank for up to one hour. During this period money will not be credited to the customer’s account. If after sending the money the person feels that he has fallen prey to a scammer then he will have the option to cancel the transaction. But this new method can only be effective in person-to-person transactions. For now, it will not be applicable for shopping by scanning the QR code at a store.

Reserve Bank of India wants to make major changes in UPI transactions. In fact, the central bank is thinking like this to prevent ‘digital fraud’.

RBI refers to this one hour as ‘Golden Hour’. Experts believe that this approach, while seemingly small, can have a far-reaching impact in preventing fraud. Common fraudsters try to make a quick buck. So that the sender does not get a chance to think. But in this case, since there is more time, mistakes can be corrected quickly. Even if banks think a transaction is suspicious or unusual, they can act quickly. That one hour period will play a big role in this.