π¨ RBI Big Relief for Customers!
If money is lost due to OTP sharing fraud, customers can now get compensation up to βΉ25,000.
π¦ Reserve Bank of India Governor Sanjay Malhotra announced:
β Compensation even if fraud happens due to customer mistake
β Quick redressal for digital payment frauds
β Stronger & safer UPI ecosystem
β Small NBFCs (< βΉ1,000 crore assets) get regulatory relief
π Aim: Protect users & strengthen digital trust.
Stay alert. Donβt share OTPs.
#RBI #Banking #UPI #DigitalSafety #FinancialAwareness
If money is lost due to OTP sharing fraud, customers can now get compensation up to βΉ25,000.
π¦ Reserve Bank of India Governor Sanjay Malhotra announced:
β Compensation even if fraud happens due to customer mistake
β Quick redressal for digital payment frauds
β Stronger & safer UPI ecosystem
β Small NBFCs (< βΉ1,000 crore assets) get regulatory relief
π Aim: Protect users & strengthen digital trust.
Stay alert. Donβt share OTPs.
#RBI #Banking #UPI #DigitalSafety #FinancialAwareness
β€4π1