RBI draft says banks must lift cyber-fraud holds in 60 days — unless police say otherwise

A bank must lift a hold on money it suspects is the proceeds of cyber fraud within 60 days, unless the police tell it not to. That exception sits inside the Reserve Bank of India’s (RBI) draft procedure , issued for public comment on September 11, 2026 . It leaves out the freeze behind most of this year’s litigation, the one a bank places because a police officer asked it to.