RBI Proposes 1-Hour Cooling-Off Period for Digital Transfers Over ₹10,000, But There’s A Catch

In a discussion paper titled “Exploring safeguards in digital payments to curb frauds,” the Reserve Bank of India (RBI) suggested that any digital payment, whether via UPI, debit/credit cards, or net banking, worth ₹10,000 or more should face a one-hour processing delay.The RBI b

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