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RBI considering 'kill switch' for debit transactions to save people from digital fraud
short by Ankush Verma / on Friday, 29 May, 2026
The Reserve Bank of India is exploring a 'kill switch' for all debit transactions to prevent any potential digital fraud, if the customer suspects it. "The [kill switch will] block all debits from the account in one stroke. This facility would help bolster consumer confidence and contribute towards controlling fraud in digital payment transactions," the RBI said.
read more at Moneycontrol.com