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RBI expands digital fraud protection, introduces compensation for small-value scam victims

News ·

The RBI has expanded customer protection rules for digital payment frauds to cover cases where people are tricked into sending money to scammers and introduced a compensation mechanism for small-value frauds. Eligible victims can receive up to 85% of their losses, subject to a cap of ₹25,000. The rules take effect fro…

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This story is part of Rail 24's ongoing rail coverage. We summarise reporting from News so you can quickly scan what changed and why it matters for travellers, commuters and the wider Indian transport sector, then read the full original article at the source. Rail 24 aggregates trusted rail sources and refreshes them continuously so you always see the latest developments in one place.

This rail update was reported by News on and curated by Rail 24. For the complete report, visit the original source below.

Read the full story at News

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> 48 hours 12 - 48 hours 4 - 12 hours < 4 hours Departed
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Original Fare Paid: ₹650
Deduction Applied: - ₹120
Estimated Refund: ₹530
IRCTC Rule Applied:

For confirmed tickets cancelled more than 48 hours before scheduled train departure, a flat cancellation fee is deducted depending on the travel class.

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