Current Affairs · RBI Digital Fraud Safety Net Framework
The Reserve Bank of India (RBI) has introduced a safety net framework specifically designed for victims of small-value digital frauds. Based on the provisions of this framework, which of the following statements is/are correct? Testbook1. The compensation for a victim is limited to a maximum of 85% of the total loss incurred, with an absolute upper threshold of ₹25,000 per case. Testbook2. This safety net is funded using the corpus of the Depositor Education and Awareness Fund (DEAF), which currently amounts to approximately ₹85,000 crore. Testbook3. The framework operates on a shared responsibility model where the financial loss is split such that the customer and the bank each bear 15%, while the remaining 70% is covered by the RBI-backed framework. Testbook Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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1, 2, and 3
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