RBI Proposes 1-Hour Delay On UPI Payments Above ₹10,000

The RBI has proposed a one-hour delay on UPI payments above ₹10,000 to curb rising cyber fraud. While money will be debited instantly, it will reach recipients after an hour, allowing cancellation within that window. The rule mainly targets person-to-person transfers, leaving merchant payments and routine transactions unaffected to maintain convenience.