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Bank Account Flagged Over Cyber Fraud, Will All Your Money Be Frozen?

Bank Account Flagged Over Cyber Fraud, Will All Your Money Be Frozen?
Photo: Free Press Journal · view original

Mumbai: The Reserve Bank of India (RBI) has proposed a targeted system for handling suspicious transactions linked to cyber fraud or money-mule accounts. Under the framework, banks would freeze only the disputed amount instead of blocking the customer's entire account. The draft rules are expecte...

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