RBI rules on customer's liability in online banking frauds

K Srinivas, CMA CS , Last updated: 17 July 2017  
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On 6th July, 2017, RBI has come out with a new circular capping the liabilities of Bank customers in the event of unauthorized electronic banking transactions (put simply, frauds).The guidelines given in the circular is applicable for all Commercial banks, Small banks and payment banks in India.

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Published by

K Srinivas, CMA CS
(Founder, Artha Consulting Services)
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