RBI to compensate digital fraud victims up to Rs 25,000, even if OTP was shared
Amid growing digital fraud, the Reserve Bank on Thursday said that banking customers will receive compensation of up to Rs 25,000 for a fraudulent transaction.
A customer will be paid the compensation even in cases where the customer ends up sharing the one-time password (OTP) with the fraudsters, Reserve Bank Governor Sanjay Malhotra told reporters here.
