In today’s digital payment era, the Reserve Bank of India is working to make transactions safer.
Now, a big change is being considered that could affect your daily UPI payments.
According to reports, the RBI may introduce a rule where transactions above ₹10,000 will not be processed instantly.
Instead, there could be a delay of around one hour.
During this time, users will have the option to cancel the transaction if needed.
Why This Rule Is Being Considered
The main reason behind this move is the sharp rise in digital fraud.
Data shows that fraud cases were around ₹551 crore in 2021, but this number could cross ₹22,000 crore by 2025.
A large share of these frauds—about 98%—happen in transactions above ₹10,000.
By adding a waiting period, the RBI aims to reduce such high-value frauds and give users more control over their money.
How This Will Help Prevent Fraud
The RBI believes most frauds today are not due to hacking, but because people are tricked into sending money quickly.
This type of fraud is called Authorized Push Payment fraud.
In this, users themselves transfer money under pressure or fear.
With a one-hour delay, users will get time to think before the money is sent.
This can help them stop a wrong transaction and avoid losses.
Other Safety Measures Under Discussion
Along with this rule, the RBI is also thinking about adding more safety features.
These may include:
Allowing trusted contacts for users above 70 years
A “kill switch” to instantly stop digital payments
Extra verification for high-value transactions
These steps are aimed at making digital payments more secure for everyone.
Impact on Users
While this change can improve safety, it may also affect user experience.
UPI is popular because of its instant speed.
Adding a delay could make transactions slower, which might not be convenient for some users.
The RBI will need to balance speed and safety before making a final decision.
If implemented, users may have to wait a little longer, but their money will be more secure.
