{"id":1308228,"date":"2026-04-10T12:03:17","date_gmt":"2026-04-10T06:33:17","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1308228"},"modified":"2026-04-10T12:03:31","modified_gmt":"2026-04-10T06:33:31","slug":"rbi-proposes-1-hour-delay-in-digital-payments-more-than-rs-10000","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/rbi-proposes-1-hour-delay-in-digital-payments-more-than-rs-10000\/","title":{"rendered":"RBI Proposes 1-Hour Delay In Digital Payments More Than Rs 10,000"},"content":{"rendered":"\n<p>The Reserve Bank of India (RBI) has proposed a <strong>one-hour delay (cooling-off period)<\/strong> for certain digital transactions above \u20b910,000, aiming to curb the sharp rise in online fraud across the country.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/NFC-Based-contactless-payments-001-1280x720-1-1024x576.jpeg\" alt=\"\" class=\"wp-image-1308229\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/NFC-Based-contactless-payments-001-1280x720-1-1024x576.jpeg 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/NFC-Based-contactless-payments-001-1280x720-1-300x169.jpeg 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/NFC-Based-contactless-payments-001-1280x720-1-768x432.jpeg 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2026\/04\/NFC-Based-contactless-payments-001-1280x720-1.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Why RBI Wants This Change<\/h2>\n\n\n\n<p>The proposal comes amid a <strong>surge in digital payment fraud<\/strong>, driven by scams like fake calls, <a href=\"https:\/\/www.newindianexpress.com\/business\/2026\/Apr\/09\/rbi-proposes-one-hour-delay-in-digital-transactions-above-rs-10000\">phishing, and impersonation.<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fraud cases have risen sharply in recent years<\/li>\n\n\n\n<li>High-value transactions account for a <strong>major share of total fraud losses<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Since most digital payments (like UPI) are <strong>instant<\/strong>, once money is transferred, recovery becomes difficult. The delay is meant to <strong>create a buffer window for intervention<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">How the 1-Hour Delay Will Work<\/h2>\n\n\n\n<p>If implemented, the system will function like this:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Transactions above \u20b910,000 will be <strong>temporarily held for up to 1 hour<\/strong><\/li>\n\n\n\n<li>The amount will be <strong>provisionally debited<\/strong> from the sender\u2019s account<\/li>\n\n\n\n<li>Users can <strong>cancel the transaction during this period<\/strong><\/li>\n\n\n\n<li>Banks can <strong>flag suspicious activity and alert users<\/strong><\/li>\n<\/ul>\n\n\n\n<p>This \u201ccooling-off\u201d period gives users time to <strong>rethink or stop fraudulent transfers<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">What Transactions Will NOT Be Affected<\/h2>\n\n\n\n<p>To avoid inconvenience, RBI has proposed exemptions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Merchant payments<\/strong> (like shopping or bill payments)<\/li>\n\n\n\n<li><strong>Recurring payments<\/strong><\/li>\n\n\n\n<li>Transactions with <strong>trusted or whitelisted beneficiaries<\/strong><\/li>\n<\/ul>\n\n\n\n<p>This ensures everyday payments remain fast and seamless.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Additional Safety Measures Proposed<\/h2>\n\n\n\n<p>The RBI has also suggested a broader set of safeguards:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u201cKill switch\u201d<\/strong> to instantly disable all digital payments<\/li>\n\n\n\n<li>Extra protection for <strong>senior citizens and vulnerable users<\/strong><\/li>\n\n\n\n<li>Option to assign a <strong>trusted person for large transactions (\u20b950,000+)<\/strong><\/li>\n\n\n\n<li>Limits on suspicious or high-risk accounts<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">Why This Is a Big Shift<\/h2>\n\n\n\n<p>Digital payments in India have always been built around <strong>speed and instant transfers<\/strong>.<\/p>\n\n\n\n<p>This proposal introduces the idea that:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u201cFriction\u201d can improve security<\/strong><\/li>\n\n\n\n<li>Slowing down some transactions may <strong>prevent large-scale fraud<\/strong><\/li>\n<\/ul>\n\n\n\n<p>It reflects a shift from <strong>speed-first \u2192 safety-first digital payments<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">What Happens Next?<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The proposal is part of an <strong>RBI discussion paper<\/strong><\/li>\n\n\n\n<li>Public and stakeholder feedback is open till <strong>May 8, 2026<\/strong><\/li>\n\n\n\n<li>Final rules will be issued after review<\/li>\n<\/ul>\n\n\n\n<p>So, the delay is <strong>not implemented yet<\/strong>, but could become policy soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India (RBI) has proposed a one-hour delay (cooling-off period) for certain digital transactions above \u20b910,000, aiming to curb the sharp rise in online fraud across the country. Why RBI Wants This Change The proposal comes amid a surge in digital payment fraud, driven by scams like fake calls, phishing, and impersonation. [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1308229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[145],"class_list":["post-1308228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-digital-payments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI Proposes 1-Hour Delay In Digital Payments More Than Rs 10,000 - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/rbi-proposes-1-hour-delay-in-digital-payments-more-than-rs-10000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI Proposes 1-Hour Delay In Digital Payments More Than Rs 10,000 - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of India (RBI) has proposed a one-hour delay (cooling-off period) for certain digital transactions above \u20b910,000, aiming to curb the sharp rise in online fraud across the country. 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