NationalWednesday, 5 August 2026·Hindu Tamil Thisai
Supreme Court directs RBI to frame 4-week guidelines on bank accounts linked to digital frauds
The Supreme Court ordered the RBI to frame guidelines within 4 weeks for handling bank accounts linked to digital frauds and asked states to strengthen cyber-crime response.
Key highlights
Direct fact
In August 2026, a Supreme Court bench led by Chief Justice Surya Kant directed the Reserve Bank of India to frame standard operating guidelines within 4 weeks for bank accounts linked to digital frauds and asked states to submit action reports by September 16.
Key specifics
- Bench: Chief Justice Surya Kant, Justice Joymalya Bagchi and Justice V. Mohana.
- Time limit: RBI must prepare the guidelines within 4 weeks.
- Reporting deadline: all State governments, the Union government and the CBI must file reports by September 16.
- The Court asked states to set up cyber-crime coordination centres and follow the e-zero FIR system.
- The order also called for faster freezing of fraud-linked bank accounts and quicker recovery of cheated money.
Exam lens
Polity and governance question: Supreme Court directions, RBI, 4 weeks, September 16, cyber-crime centres, e-zero FIR. TNPSC may ask the bench composition or the compliance deadline.