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The number of bank frauds in India is substantial. It is increasing with the passage of time.

With the number of bank frauds increasing, you need to be doubly careful about your transactions, especially online ones.

According to the Reserve Bank of India’s (RBI) annual report for 2018-19, the number of cases of frauds reported by banks increased by 15% in 2018-19 on a year-on-year basis, with the amount involved rising by 73.8% from 41,167 crores in 2017-18 to 71,543 crores in 2018-19.

The safety of bank accounts, and debit and credit cards lies both with the banks and the customer but more with the customer

Banks Frauds, Scams

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