Lost Money In Online Banking Fraud? RBI Proposes Compensation Up To Rs 25,000 From July 1
Last Updated:March 07, 2026, 1:08 PM IST Under the RBI proposal, if an individual customer loses up to Rs 50,000 in a genuine fraudulent electronic transaction, they may receive 85% of the net loss or up to Rs 25,000. For smaller fraud losses, most of the compensation will be paid by the RBI, with smaller…
