RBI Proposes 60-Day Debit Freeze On Suspected Fraud Accounts Under New Money Mule Rules
The Reserve Bank of India (RBI) has proposed a uniform framework for banks to temporarily block debit transactions and accounts suspected to be connected with money-mule activity and cyber-enabled financial fraud. The proposal is part of the draft Reserve Bank of India (Know Your Customer) Amendment Directions, 2026, and follows a Supreme Court order directing the central bank to establish a…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
