RBI mandates ₹25,000 as max compensation in digital fraud cases

The Reserve Bank of India (RBI) has proposed new rules to protect bank customers from digital fraud. Under the draft guidelines, losses from small-value frauds of up to ₹50,000 may qualify for compensation. However, reimbursement will be limited to 85% of the loss or ₹25,000, whichever is lower, and banks must prove if the customer was responsible.