RBI announces the migration of CPFIR (FRAUD) Reporting to DAKSH
Effective from January 01, 2023, the Banks and non-bank PPI entities shall commence reporting payment frauds in DAKSH. According to RBI circular, this reporting was earlier facilitated through Electronic Data Submission Portal (EDSP) and is being migrated to DAKSH through which scheduled commercial banks and non-bank prepaid payment instrument (PPI) issuers report payment frauds, to…