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.