1 hour hold on online payments above ₹10,000: Will get a chance to cancel wrong transactions, RBI also suggested ‘kill switch’
It may soon happen that your online transaction of more than ₹ 10 thousand may not be processed immediately. There may be a delay of 1 hour. This will give customers an opportunity to stop or cancel erroneous transactions. RBI has made this proposal to stop the increasing digital fraud in the country. RBI believes…