Over 25,800 fraud cases involving about Rs 179 crore related to credit/debit cards and Internet Banking were reported in 2017 (up to December 21), Parliament was informed on Friday.
"As per the data provided by Reserve Bank of India (RBI) on frauds related to ATM/Credit/Debit cards and net banking as reported by the banks, 10,220 cases of fraud were reported in the December 2017 quarter (up to December 21)," IT Minister Ravi Shankar Prasad said in a written reply to the Rajya Sabha.
The amount involved was Rs 111.85 crore in the said quarter, he added.
Prasad said 7,372 cases were reported in September quarter, 5,148 cases in June quarter and 3,077 cases in March quarter of 2017, with the amount involved adding to Rs 67.13 crore.
In 2016, 3,156 cases and 4,147 cases were registered in the September and December quarters, respectively.
The amount involved -- in these two quarter was -- Rs 45.50 crore, the minister said.
As per the state-wise details of frauds involving amount of over Rs 1 lakh, Maharashtra topped the list of credit/debit card and Internet banking-related frauds in the fiscal 2016-17 with 380 cases involving Rs 12.10 crore.
Haryana ranked second with 238 cases (Rs 8.27 crore), followed by Karnataka (221 cases worth Rs 9.16 crore), Tamil Nadu (208 cases worth Rs 4.38 crore) and Delhi (156 cases worth Rs 3.43 crore).
"As per the data provided by Reserve Bank of India (RBI) on frauds related to ATM/Credit/Debit cards and net banking as reported by the banks, 10,220 cases of fraud were reported in the December 2017 quarter (up to December 21)," IT Minister Ravi Shankar Prasad said in a written reply to the Rajya Sabha.
The amount involved was Rs 111.85 crore in the said quarter, he added.
Also Read
In 2016, 3,156 cases and 4,147 cases were registered in the September and December quarters, respectively.
The amount involved -- in these two quarter was -- Rs 45.50 crore, the minister said.
As per the state-wise details of frauds involving amount of over Rs 1 lakh, Maharashtra topped the list of credit/debit card and Internet banking-related frauds in the fiscal 2016-17 with 380 cases involving Rs 12.10 crore.
Haryana ranked second with 238 cases (Rs 8.27 crore), followed by Karnataka (221 cases worth Rs 9.16 crore), Tamil Nadu (208 cases worth Rs 4.38 crore) and Delhi (156 cases worth Rs 3.43 crore).
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%