Sending money to a new account may soon take a little longer—but for a good reason.
If you transfer more than ₹10,000 to a new person or account, banks may introduce a mandatory one-hour delay.
This means the money won’t be sent instantly. Instead, it will be held for one hour before completing the transaction.
During this time, you will have the option to cancel the transfer. This gives you a safety window in case you made a mistake or feel something is suspicious.
Why This Rule Is Being Introduced
This step is being considered after data revealed a worrying trend.
According to the Reserve Bank of India, reports from the National Cyber Crime Reporting Portal show that transactions above ₹10,000 account for 45% of fraud cases, but make up a massive 98.5% of the total fraud amount.
Because of this, banks are focusing more on these high-value transactions.
If any transfer looks suspicious, banks may also reconfirm the transaction with you and send alerts. This extra layer of checking can help prevent fraud before it happens.
No Delay for These Payments
There is some relief for users.
This rule will not apply to:
Merchant payments (like UPI payments at shops)
E-mandates (automatic payments)
Cheque transactions
To make things even easier, banks will offer a “whitelisting” feature. This means you can pre-approve trusted people or accounts, so transfers to them won’t face any delay.
