The RBI has proposed new safeguards to curb rising digital payment frauds, including a one-hour delay for transfers above Rs 10,000, trusted-person authentication for seniors, limits on large credits, and a “kill switch” to disable digital payments instantly
The RBI will introduce stricter digital payment rules from April 1, 2026, making two-factor authentication mandatory. The move aims to reduce online fraud, improve security and increase accountability, though transactions may take slightly longer to complete
