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The Economic Times
The Economic Times
Sneha Kulkarni

RBI proposes 60-day temporary debit hold on suspicious money mule transactions: Key things you need to know about RBI’s KYC directions

RBI Reserve Bank of India LEA

The Reserve Bank of India (RBI) has proposed amendments to its Know Your Customer (KYC) Directions, 2025, covering suspected money mule accounts and cyber-enabled financial frauds.

The draft RBI (KYC) Amendment Directions, 2026, proposes a uniform and time-bound standard operating procedure (SOP) for banks to place temporary debit holds up to 60 days on suspected money mule transactions or accounts and remove the hold in coordination with law enforcement agencies, wherever required.

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