IDPIC: RBI-backed initiative to stop digital payment fraud
State Bank of India (SBI) and Bank of Baroda (BoB) are spearheading the creation of the Indian Digital Payment Intelligence Corporation (IDPIC)—a new platform designed to spot and stop digital payment fraud as it happens.
This move is part of a bigger push by the Reserve Bank of India to make online transactions safer for everyone.
IDPIC will be set up as a not-for-profit company
IDPIC will be set up as a not-for-profit company with ₹500 crore authorized capital, funded by all 12 public sector banks.
Using AI and machine learning, it'll scan transaction data—like location info and suspicious accounts—to catch fraud before money goes missing.
Digital payment scams have been on the rise
Digital payment scams have been on the rise, with over 13,500 cases reported in the current financial year alone.
As UPI transactions hit a massive ₹14 trillion in September 2025, platforms like IDPIC are key to keeping your money—and trust—safe while using digital payments.