Reserve Bank Governor Sanjay Malhotra announced a new framework to compensate customers up to Rs 25,000 for losses incurred from small-value fraudulent transactions. “It is also proposed to introduce a framework to compensate customers up to an amount of Rs 25000 for loss incurred in small-value fraudulent transactions,” he said. Announcing the last bi-monthly policy for the current financial year, Malhotra said, “we will also publish a discussion paper on possible measures to enhance the safety of digital payments. Such measures may include lagged credits and additional authentication for specific class of users like senior citizens.”