Why RBI proposes 1-hour delay for digital payments above Rs 10,000
Indian Express·2h ago·Fear
What Happened
The Reserve Bank of India proposed a one-hour delay for digital payments exceeding Rs 10,000 to combat rising fraud. In 2025, 28 lakh digital payment fraud cases were reported, amounting to Rs 22,931 crore. The delay aims to disrupt fraudsters' psychological influence and give customers time to reconsider transactions. Banks would provisionally debit accounts during this period, allowing cancellation. Customers can override the delay through whitelisting mechanisms for trusted payees.
Key Entities
Reserve Bank of India (RBI)Rs 10,000 threshold28 lakh fraud casesRs 22,931 croreNational Cyber Crime Reporting Portal (NCRP)Authorised Push Payments (APP)One-hour delay mechanism