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Under the proposed regime, aggrieved customers will be reimbursed up to 85% of their lost amount or ₹25,000, whichever is lower
The draft norms have also capped the maximum loss amount, for which reimbursement can be claimed, at ₹50,000
Under the new regime, customers will have zero liability if the fraud happens due to a bank’s negligence or because of a third-party breach
The Reserve Bank of India (RBI) yesterday released draft guidelines for a compensation…
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Under the proposed regime, aggrieved customers will be reimbursed up to 85% of their lost amount or ₹25,000, whichever is lower
The draft norms have also capped the maximum loss amount, for which reimbursement can be claimed, at ₹50,000
Under the new regime, customers will have zero liability if the fraud happens due to a bank’s negligence or because of a third-party breach
The Reserve Bank of India (RBI) yesterday released draft guidelines for a compensation…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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