“Cooling-off facility” in online transactions soon to mitigate mule menace
It will be a step by RBI to stay a neutralise fraudsters. STC NEWS MONITORING DESK JANUARY 20 ( STC): The government and Reserve Bank of India (RBI) are considering a ‘cooling off facility’ to temporarily block funds in bank accounts to combat online fraud through mule accounts. Enhanced KYC protocols and inactive account closures…

