Payment Processed Only After an Hour... But What About Emergencies?
The RBI has drafted proposals to ensure that digital payments exceeding ₹10,000 are processed only after a one-hour delay. During this interim period, if customers have any doubts, they have the option to cancel the transaction. However, users are questioning what the situation would be if an emergency arises requiring the immediate transfer of funds. Financial experts suggest that this rule is likely to apply specifically to the *first* payment made to a new recipient. Full guidelines regarding this are still awaited from the RBI. What are your thoughts on this?
You Might Also Like
-
The RBI has drafted proposals to ensure that digital payments exceeding ₹10,000 are processed onl...
-
Mumbai: Amid positive cues from global markets, equity indices surged significantly as investors...
Leave A Comment
Comments