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RBI’s Kill Switch Facility
June 3 , 2026
14 hrs 0 min
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- The Reserve Bank of India is exploring a universal ‘Kill Switch’ mechanism and ‘Switch On/Switch Off’ facility for digital payment channels.
- The Kill Switch is an emergency security feature that can instantly freeze all digital transactions from a bank account or digital wallet when fraud is suspected.
- The proposed facility will cover UPI (Unified Payments Interface), IMPS (Immediate Payment Service), NEFT (National Electronic Funds Transfer), internet banking, and digital wallets.
- Users may be able to activate the feature through mobile banking apps, SMS, IVR (Interactive Voice Response), or online portals.
- The initiative aims to strengthen protection against cyber fraud and improve the security of India’s digital payment ecosystem.
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