Finance
YellsyRBI's ₹25,000 Lifeline for Digital Fraud Victims: No Nonsense!
Listen up, you digital fraud victims! The RBI's throwing you a lifeline: lose up to ₹50,000? You could snag ₹25,000 back if you scream for help within five days! No excuses! Get your complaints in, or you're just another idiot sandwich in the fraud kitchen! This is about saving your hard-earned cash, not letting it slip away like a burnt soufflé!
few days ago | Subrata Panda
Quick rundown
1.RBI proposes up to ₹25,000 compensation for digital fraud victims.
2.Compensation applies even if fraud is due to customer negligence.
3.Draft norms to be effective from July 1, 2026.
4.Banks must send instant SMS alerts for transactions over ₹500.
5.RBI and banks to share compensation costs, with RBI bearing the majority.
