India, Sept. 25 -- The Fraud Risk Indicator (FRI) developed by the Department of Telecommunications (DoT) has stopped more than 48 lakh fraudulent transactions since it was launched in May 2025, saving Indian citizens from losses worth over Rs.140 crore.

The DoT highlighted FRI's success in the backdrop of a new Memorandum of Understanding (MoU) signed between DoT and the Finance Ministry's Financial Intelligence Unit-India (FIU-IND) on Thursday. As part of the MoU, DoT will share data from its FRI and Mobile Number Revocation List (MNRL), while FIU-IND will provide details of mobile numbers linked to suspicious transactions, money mule accounts, and cyber fraud cases.

"The idea is to stop the crime at its source, preventing citizens fr...