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Source: Live Mint In November 2024, the Reserve Bank of India released the report on Trend and Progress of Banking in India. As per the report, a total of 18,461 banking operations frauds involving Rs. 21,367 crores were reported in FY 2023-24 till September end. Of these, the maximum number of frauds (13,133) were related…
Source: Live Mint Credit card and banking related frauds have been on the rise. Despite the efforts of regulators such as the RBI (Reserve Bank of India), fraudsters have found ingenious ways to cheat unsuspecting individuals. So, what is the liability of the customer in such cases? If you report it within three days, you…
Source: Live Mint You may have to permanently block your credit card for several reasons, such as suspected fraud, identity theft, or just to stop overspending. Here we will describe various credit card blocking techniques, their ramifications, and how to select the one that best suits your requirements. What are credit cards? The bank or…
Source: Live Mint Starting a new business is not easy. It requires a great idea and sufficient finances. Even if you manage both, there are chances of fraud. However, there are many means through which you can avoid frauds. What is credit card fraud? It is the act of using a person’s credit card or…
Source: Business Standard Credit Card(Photo: Shutterstock) 3 min read Last Updated : Oct 10 2024 | 12:37 PM IST Credit card fraud has become an unfortunate reality for many consumers. LocalCircles had conducted a survey that revealed 47 per cent of Indians have faced financial fraud in the past three years. Highlighting that UPI…
Source: Live Mint You double-check your statement, confirm the transactions aren’t yours, and rule out the possibility that a family member used your card. The charges seem random and the merchants are unfamiliar. Panic sets in as you realise that your card has likely been compromised. What should you do next? Block your card immediately…
