Supreme Court Questions Banks' Liability In Online Fraud Cases

TV9 Hindi · top

The Supreme Court has raised questions regarding the accountability of banks in cases of online fraud and digital arrests. The court suggested that banks could be held responsible for preventing suspicious transactions and compensating victims of cyber fraud. If you experience such fraud, immediately call 1930, file a complaint on cybercrime.gov.in, and submit a written complaint to your bank. Under RBI rules, customer liability can be zero in certain situations, and unresolved issues can be escalated to the RBI Ombudsman within 30 days.