Customers Not Liable For E-frauds, if Reported in Time: RBI

Bharat Mahan

Concerned over the rise in complaints about unauthorized electronic transactions, the Reserve Bank of India has introduced a policy of 'zero liability' for customers in third-party frauds if they are reported within three days. This means banks will have to make good the losses suffered by customers. Read more in this TOI report.

News Source
Times of India

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