RBI Proposes One-Hour Cooling Period for Transactions Above ₹10,000

Brief By Newsbrief / 1:34 PM on 10 Apr 2026

The Reserve Bank of India has proposed introducing a one-hour cooling period for digital transactions exceeding ₹10,000 in a bid to curb rising online fraud. Under the draft framework, banks and payment platforms will be required to delay such transactions briefly, allowing time for additional verification and enabling users to cancel suspicious transfers.

The move is aimed at strengthening consumer protection as digital payments continue to surge across India. The RBI has also suggested that customers can whitelist trusted beneficiaries to bypass the delay for urgent transactions, ensuring convenience is not compromised.

Additionally, banks may deploy real-time fraud detection systems during this window to flag unusual activity. The central bank has invited public feedback on the proposal until May 8, after which final guidelines are expected to be issued, potentially reshaping the country’s digital payments ecosystem.