First Online payment of more than Rs 2000 will take 4 hours preparation to stop online fraud

If you also make online payments, then this is a news worth paying attention to. To prevent fraud in online payments, the government is preparing to bring some rules regarding the first transaction between two people. Under this, a minimum limit is being fixed for the first transaction between two people. If the new rules are issued, then the first transaction of more than Rs 2 thousand between two people may be delayed by 4 hours.

That is, if you send more than 2 thousand rupees to someone for the first time, the payment will reach in 4 hours. This will cause problems for those doing digital transactions. There may be a decrease in digital payments, but officials feel that it is important to reduce cyber fraud.

of the Indian Express Report According to, the government is thinking of increasing the time taken for the first transaction between two people. There can be a time limit of 4 hours for the first online payment of more than 2 thousand rupees. This will not only delay UPI payments, but Immediate Payment Service (IMPS), Real Time Gross Settlement (RTGS) can also be brought under this scope.

Remember that a user who creates a UPI account for the first time can transfer Rs 5,000 in the first 24 hours. Whereas, after NEFT is activated, a user can transfer up to Rs 50,000 in the first 24 hours. If the new rule comes, then if two people doing a transaction for the first time send and receive a digital payment of more than Rs 2,000, then it will take 4 hours.

Citing RBI’s 2022-23 report, the report said that the highest number of frauds reported in banks were in the digital payment category. A total of 13,530 cases amounted to fraud worth Rs 30,252 crore. Out of this, about 49 percent of the cases were of digital payments.