Why is RBI proposing a 1-hour delay on UPI transfers above ₹10,000?

The RBI India has proposed a one-hour delay on UPI transfers above ₹10,000 to combat Authorised Push Payment fraud. It said the delay would disrupt fraudsters' psychological influence over victims, giving payers time to reconsider before funds are debited. Transactions above this threshold make up 45% of fraud cases by volume but contribute to 98.5% of the total fraud value.