The Reserve Bank of India (RBI) has proposed a series of measures aimed at curbing the alarming rise in digital payment fraud, as highlighted in its discussion paper released on April 9, 2026. Over the past five years, fraud cases related to digital payments have skyrocketed from 2.6 lakh in 2021 to 28 lakh in 2025, with the total monetary value of these frauds increasing from ₹551 crore to ₹22,931 crore during the same period. To tackle this issue, the RBI suggests implementing a one-hour time lag for transactions exceeding ₹10,000, allowing users to reconsider their decisions and potentially cancel suspicious transactions. Additionally, the RBI aims to protect vulnerable groups, such as individuals aged 70 and above and those with disabilities, by requiring them to designate a 'trusted person' for transactions above ₹50,000. To prevent the misuse of bank accounts as 'mule accounts', the RBI proposes a cap on annual credits at ₹25 lakh for low-credit turnover accounts. Furthermore, customers will be empowered with controls to manage their digital payment settings, including a 'kill switch' to disable all transactions. These measures are expected to significantly enhance customer safety and reduce the incidence of fraud in digital payments.