The Reserve Bank of India published a discussion paper on April 10 titled Exploring Safeguards in Digital Payments to Curb Frauds. The paper proposes a one-hour hold on UPI and IMPS peer-to-peer transfers exceeding ₹10,000, during which the sender can cancel. Merchant payments and recurring payments would be exempt from the delay.
Digital payment fraud losses in India surged from ₹551 crore in 2021 to ₹22,931 crore in 2025. The leading attack pattern is authorized push payment fraud, where victims are manipulated into making voluntary transfers.
The RBI is accepting public comments through May 8, 2026.