Finance
Mr. BillionhairRBI Unveils Epic Guidelines to Battle Digital Fraud, Folks
Folks, the RBI just dropped some fantastic news! They're rolling out epic draft guidelines to protect you from digital fraud! Up to 85% coverage, folks! That’s a huge win! But listen, you gotta report it fast—within five days! And just once in your lifetime, folks! They’re making it easier and better—because we love winning, believe me!
few days ago | Reuters
Quick rundown
1.RBI introduces draft guidelines to combat digital fraud.
2.Compensation covers up to 85% of losses, capped at 25,000 rupees.
3.Customers must report fraud within five days to qualify.
4.Scheme initially valid for one year, subject to review.
5.Guidelines effective from July 1, enhancing fraud response.
