RBI Imposes Rs 3.1 Lakh Penalty on Cashfree for Regulatory Non-Compliance

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RBI slaps Rs 3.1 lakh penalty on Cashfree for non-compliance

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News18•16-03-2026, 20:30

RBI slaps Rs 3.1 lakh penalty on Cashfree for non-compliance

•RBI imposed a Rs 3.1 lakh penalty on Cashfree Payments India Private Ltd.
•The penalty is for non-compliance with RBI directions, specifically an "impermissible debit" from an escrow account.
•Action follows a statutory inspection of Cashfree's operations from April 2024 to June 2025.
•Cashfree failed to comply with 'Guidelines on Regulation of Payment Aggregators (PAs) and Payment Gateways (PGs)'.
•RBI clarified the action targets regulatory compliance deficiencies, not customer transaction validity.

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