To combat digital fraud, the Reserve Bank of India has released a discussion paper suggesting additional measures to prevent it. The RBI has invited comments and feedback through the "Connect 2 Regulate" link on the RBI website until May 8th.
According to data from the National Cyber Crime Reporting Portal, approximately 28 lakh cyber frauds were reported in 2025, amounting to 22,931 crore rupees. To curb these frauds, the RBI has suggested 4 additional measures. The RBI has proposed a 1-hour time lag for digital payments exceeding 10,000 rupees.
During this period, the payer's bank would provisionally debit the customer's account, and the customer would retain the option to cancel the transaction for any reason. In another measure, the RBI has suggested additional authentication for senior citizens or individuals with disabilities, by a trusted person. This trusted individual would serve as an additional layer of authentication for high-value transactions.
As a third measure, the RBI has suggested that customers can be provided with digital payment controls, which would include a "switch on/off" facility for any digital payment mode, as well as the ability to set limits for different transaction types at the account level. This would allow customers to control debit transactions at the account level across any or all digital payment channels.
To control the use of bank accounts as "mules" to route the proceeds of digital frauds, the RBI has proposed to introduce a regulatory measure of limiting aggregate credits in an account without an additional review of satisfactory business relationships.