India’s digital payment ecosystem has grown exponentially. Such massive scale inevitably invites fraudsters, and many gullible customers have fallen victim to their tricks. The Reserve Bank of India has earlier issued master directions specifying customer liability in the event of a digital/online fraud. The RBI has gone further and proposed amendments to the Master Directions… Continue Reading
The post RBI to Banks: Online Fraud: Prove Your Customer Was at Fault OR Pay up appeared first on EMI Calculator.
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