The Reserve Bank of India (RBI) is proposing significant changes to its digital payment framework to combat increasing fraud, particularly through authorised push payment scams. One of the key proposals is a one-hour cooling-off period for digital transactions exceeding ₹10,000 (approximately $120 USD), allowing users to cancel potentially fraudulent transfers. Additionally, the RBI suggests implementing a universal 'kill switch' that enables customers to disable all digital payment transactions instantly. This feature would apply across various channels, including Unified Payments Interface (UPI), cards, and net banking. The RBI also plans to introduce trusted-person approvals for transactions above ₹50,000, particularly targeting vulnerable groups like senior citizens. These measures aim to provide users with greater control and security, countering the urgency that fraudsters exploit. The proposals are open for public feedback until May 8, 2026, after which the RBI will finalize its decisions.