Businessline says the proposed process would include customer notification, timelines for explanations and due diligence, with temporary debit holds lasting up to 60 days in specified cases.
RBI has proposed a formal process for banks handling suspected money-mule and cyber fraud-linked accounts, Businessline reports. The proposal includes customer notification, timelines for explanations and due diligence. The outlet says temporary debit holds could last up to 60 days in specified cases.
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Businessline says the proposed process would include customer notification, timelines for explanations and due diligence, with temporary debit holds lasting up to 60 days in specified cases.
RBI has proposed a formal process for banks handling suspected money-mule and cyber fraud-linked accounts, Businessline reports. The proposal includes customer notification, timelines for explanations and due diligence. The outlet says temporary debit holds could last up to 60 days in specified cases.
businessline@businesslineBanks may soon have a formal process for handling suspected money-mule and cyber fraud-linked accounts, including customer notification, explanation timelines, due diligence and temporary debit holds lasting up to 60 days.
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businessline@businesslineBanks may soon have a formal process for handling suspected money-mule and cyber fraud-linked accounts, including customer notification, explanation timelines, due diligence and temporary debit holds lasting up to 60 days.