More than 52,000 cases of credit, debit card and net banking fraud were registered in India in the nine months to December, with people losing over Rs 228 crore during the period, a 60% jump in money lost compared to the previous 12 months, the government said on Wednesday.
In fiscal year 2019, around 52,304 fraud cases were reported with people losing over Rs 149 crore, Minister of State for Electronics and IT Sanjay Dhotre told the Lok Sabha.
Maharashtra recorded the maximum number of cases of fraudulent usage of debit cards, credit cards and internet banking between financial years 2017 and 2020. At over 59,000, the state accounted for 42% of the total number of cases in the period. The corresponding amount associated with such frauds in the same period was about Rs 143 crore.
Between fiscal years 2017 and 2020, a total of 140,471 cases of fraudulent usage cases were reported, with the amount totalling Rs 589 crore. Fraud cases below Rs 1 lakh were not required to be reported to the RBI prior to April 2017. In fiscal year 2020, Chandigarh reported the highest amount lost due to fraud at about Rs 67 crore.
Incidentally, the amount had shot up from Rs 37 lakh in the previous financial year, although the number of cases did not rise steeply.
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