In order to streamline reporting, enhance efficiency, and automate the payment fraud management process, the RBI said the fraud reporting module will be migrated to DAKSH, the Reserve Bank’s 
advanced supervisory monitoring system, from January 1. The RBI operationalised the Central Payments Fraud Information Registry (CPFIR) in March 2020 with reporting of payment frauds by scheduled commercial banks and non-bank Prepaid Payment Instrument (PPI) issuers.
“…entities shall commence reporting of payment frauds in DAKSH from this date (January 01, 2023),” the central bank said in a circular.
In addition to the existing bulk upload facility to report payment frauds, DAKSH provides additional functionalities, like a maker-checker facility, online screen-based reporting, an option for requesting additional information, the facility to issue alerts/ advisories, generation of dashboards and reports.