RBI mandates instant ‘shadow reversal’ and expands fraud compensation to sole proprietors
From Jan 1 2027 RBI banks must credit victims of unauthorized digital payments up to Rs 25,000 within five days, with 65% of the payout funded by the central bank. The new framework adds ‘shadow reversal’ for credit‑card fraud, extends coverage to sole proprietors and cross‑border scams, and lowers SMS alert thresholds to Rs 500.