RBI Explores Kill Switch for Digital Payments

The RBI is exploring a kill switch mechanism to help users quickly block digital debit transactions during suspected fraud.

The Reserve Bank of India mentioned in its Annual Report 2025-26 that it is exploring customer-control measures for digital payments. A proposed kill switch mechanism may allow users to quickly disable debit transactions in case of suspected fraud. The measure is linked to rising authorised push payment frauds, phishing and mule account misuse. It is relevant for banking exams because it connects digital payment security, consumer protection and fintech regulation.