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• Beware!
• Online payment method has changed from April 1
• Now it is necessary to have ‘This’ along with OTP

RBI 2FA Rule 2026 News: If you for your daily activities UPIshopping online or using digital payments, now you need to be a little more careful. From April 1, 2026, there will be a change in the mode of payment. Simply entering the ‘OTP’ (One-Time Password) will no longer suffice; Because with the aim of making digital transactions more secure, The Reserve Bank of India (RBI) An important new rule has been implemented.

What are the changes from April 1?

From April 1, 2026, a single OTP will no longer suffice for any online payment. RBI has instructed all banks and fintech companies that it is mandatory for every transaction to be verified through at least two different methods. This means that you will now have to complete an extra step of security while making payments.

How 2FA (Two-Factor Authentication) Works

In two-factor authentication (2FA), two separate steps must be completed to complete a transaction. For example, this usually involves entering an OTP (one-time password) first, followed by a PIN or password. In some cases, it may also be necessary to perform ‘device verification’ using methods such as fingerprints or facial recognition. This process significantly increases the security of the account.

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Why has the dependence on OTPs decreased?

Earlier, most digital transactions relied only on OTP for authentication. However, over time, there has been a huge increase in fraud incidents like phishing, SIM swapping and malware attacks. Often, OTPs get delayed or fall into wrong hands. As a result, the RBI has now decided to implement stronger security mechanisms.

Transactions may take a little longer

This new system may take a bit longer to complete the payment process and users may find the process somewhat complicated at first. However, in return for this minor inconvenience, the risk of fraud will be greatly reduced; This will ensure that your money is more secure.

Banks will be held responsible for non-compliance

The RBI has clearly stated that if the banks or payment platforms do not implement these rules and as a result a fraud occurs, the bank alone will be held solely responsible for the same. In such cases, customers may be entitled to compensation and banks cannot escape their full liability.

These rules will also apply to international transactions

These rules will not be limited to India only. The RBI has clarified that the same level of security will be provided to international online transactions. Specifically, these rules will apply to “Card Not Present” (CNP) transactions from 1 October 2026; This will ensure the security of digital transactions done abroad.

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