RBI's big step to stop banking fraud, know how it will now be impossible to break into your money!

RBI New Rules: Under the new rules, the bank will have to give its customers the option that they can only view the bank account online or want the full service of the transaction.

Digital Banking Rules: The kind of fraud that is coming to the fore amidst the rapidly growing digital banking is a matter of great concern today. Fraudsters steal lakhs of rupees from bank accounts. But now RBI has taken steps to stop such frauds. RBI has drafted such new rules, which will make it safe for everyone to use digital banking. From internet banking to mobile banking, all the online services that are provided by the bank are included in this new guidelines of RBI.

RBI's new rules

Under the new rules, the bank will have to give its customers the option that they can only view the bank account online or want the full service of the transaction. Banks cannot force anyone to use digital banking even if they want to use only debit cards.

RBI also wants banks to take permission of customers before signing them up for digital services. Every customer will be clearly told how much they will be charged for it, if there is a problem, how it will be resolved and details of every transaction must be provided via email or SMS.

Another important thing is that banks cannot force anyone to buy third party products like investment plans or insurance, nor can they display them on their website without RBI's permission.

Banks will have to do this

To crack down on online fraud, all banks will have to use fraud detection tools so that any suspicious transactions can be closely monitored. They will also have to study the daily expenses of customers so that any transaction that is different from this can be easily identified. This draft was shared by RBI on Monday. The central bank has sought suggestions from banks, experts and people on this by August 11, 2025.