RBI digital fraud compensation rules 2027: How to recover money lost in online fraud

The Reserve Bank of India has notified new rules letting victims of digital banking fraud recover up to Rs 25,000. For losses up to Rs 50,000, customers can claim 85% of the amount or Rs 25,000, whichever is lower, once in a lifetime. Victims must report the fraud within five days to qualify. The RBI bears most of the cost. Effective January 1, 2027, the rules run as a one-year pilot.