Digital Scam Network Busted: CBI Launches Nationwide Raids Under Chakra-V
In a major crackdown on cybercrime and digital arrest scams, the Central Bureau of Investigation (CBI) has launched ‘Operation Chakra-V’ across five Indian states, targeting a widespread network involved in creating fake bank accounts used in cyber frauds. What is Operation Chakra-V? Operation Chakra-V is the fifth phase of a nationwide CBI-led mission aimed at […]
RBI Strengthens Online Banking Security Amid Rise in Digital Frauds
In light of the increasing number of digital payment frauds, the Reserve Bank of India (RBI) has issued a critical directive to banks and financial institutions. They are now required to register and migrate their official domains through the Institute for Development and Research in Banking Technology (IDRBT). This step is part of a broader […]
RBI Allows Minors Aged 10 and Above to Operate Bank Accounts Independently
In a major update, the Reserve Bank of India (RBI) has allowed minors aged 10 years and above to independently open and manage their own bank accounts without the need for a guardian. This rule is applicable to all commercial and cooperative banks, including primary urban cooperative banks, state cooperative banks, and district central cooperative […]