RBI proposes up to 60-day debit holds on suspected mule and cyber-fraud accounts
The RBI’s draft SOP would require banks to temporarily restrict debits on accounts flagged for suspected money-mule or cyber-fraud activity, backed by detection tools, cybercrime-portal integration, customer alerts and grievance processes. The framework is proposed from April 1, 2027, or earlier if adopted by banks.
What happened
Reserve Bank of India · RBI has proposed mandatory SOPs for banks to temporarily freeze suspected money-mule and cyber-fraud transactions or accounts for up to
Key facts
- 60 days
- 20 days
- 10 days
- 30 days
- April 1, 2027
- August 4, 2026
Why this matters
Banks, payment platforms and retailers may seek partnerships or acquisitions in real-time fraud scoring, cybercrime-portal integration and customer-notification tools ahead of the proposed 2027 rollout.