RBI's New Digital Payment Rules: 2FA Mandatory From April 1, 2026

• RBI mandates two-factor authentication (2FA) for all digital payments starting April 1, 2026.
• OTP alone will no longer suffice; a second verification method like PIN, password, biometrics, or tokens will be required.
• The move aims to combat rising cyber fraud, phishing, and SIM swap scams, enhancing security for online transactions.
• Payments may take slightly longer, but trusted devices and risk-based authentication could streamline the process.
• Banks and payment platforms will be held responsible for system failures leading to fraud, with users potentially receiving faster compensation.