Current Affairs · Banking & Financial Regulations
Regarding procedural requirements and RBI guidelines for digital fraud reporting and compensation, which of the following statements is/are correct? 1. Reporting the fraud to the National Cyber Crime Helpline (1930) is an optional step that is only recommended for transactions exceeding ₹50,000. 2. To qualify for the compensation scheme, victims must report the incident to three specific entities: the bank concerned, the National Cyber Crime Helpline (1930), and the National Cyber Crime Reporting Portal. 3. In cases where a third-party breach is reported after the initial window, the customer's eligibility for compensation is determined by the bank's board-approved policy. 4. Filing a report on the National Cyber Crime Reporting Portal automatically initiates a reimbursement claim directly with the RBI, bypassing the bank's internal verification. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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2 and 3 only
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