Module: General Practice
Q26: Regarding the enhanced compensation limits in the RB-IOS, 2026, consider the following statements:
The maximum compensation for any actual loss suffered by the complainant is capped at Rupees 30 Lakh.
The maximum compensation specifically for mental agony and harassment is capped at Rupees 3 Lakh.
Which of the statements above is or are correct?
The maximum compensation specifically for mental agony and harassment is capped at Rupees 3 Lakh.
Which of the statements above is or are correct?
✅ Correct Answer: C
Both statements are correct.
The 2026 Scheme introduced a significant hike in compensation limits to account for inflation and higher-value digital frauds.
The Limit for Actual Loss increased from Rupees 20 Lakh (in 2021) to Rupees 30 Lakh.
The Limit for Mental Agony increased from Rupees 1 Lakh (in 2021) to Rupees 3 Lakh.
This structure applies to all covered entities, including banks and NBFCs.
The 2026 Scheme introduced a significant hike in compensation limits to account for inflation and higher-value digital frauds.
The Limit for Actual Loss increased from Rupees 20 Lakh (in 2021) to Rupees 30 Lakh.
The Limit for Mental Agony increased from Rupees 1 Lakh (in 2021) to Rupees 3 Lakh.
This structure applies to all covered entities, including banks and NBFCs.