RBI’s April 2024 fraud report shows banks lost ₹36,014 crore in FY 2023–24, with credit card fraud surging as digital payments expanded. The findings highlight the growing need for stronger awareness of credit card fraud dos and don’ts.

Many people now wonder how safe online payments really are. The main trigger this year was the sharp rise in card spending. A Loansjagat news update published in September 2025 explained that credit card spending touched ₹1.91 trillion in August 2025. Banks issued 7 lakh new cards in the same month. Larger volumes opened more doors for crime groups who used fake KYC alerts, cloned sites and remote access links.

A sharp rise in reported cases followed. Several users in Mumbai, Hyderabad and Lucknow recorded unauthorised withdrawals through app links sent by unknown callers. These callers posed as card teams. This pattern worries banks that monitor transaction trails each day.

Read More – India Spends Big with Credit Cards in Ecommerce, Fest Tango

Fraud Numbers Uploaded On Data.Gov.In

The table below shows the sharp jump recorded in three financial years.

Financial Year	Fraud Cases (Card + Digital)	Loss (₹ Crore)
2021 to 2022	9070	10400
2022 to 2023	13300	27700
2023 to 2024	14534	36014

This explains why banks raised alerts and why credit card fraud dos and don'ts are now part of every advisory.

What Does Credit Card Fraud Mean?

Credit card fraud occurs when a criminal makes a transaction without the cardholder’s consent by using stolen or false details.

The RBI Master Direction on Credit Card Operations updated in September 2025 explains this as any payment executed through stolen identity, unauthorised access or forged data. This definition covers phishing links, cloned cards, manipulated virtual card numbers and device-based breaches.

Fraud has moved deeper into device control, telecom routing and app permissions. Many victims click a link that mirrors a bank page. Others trust OTP alerts that carry false sender IDs. This is why credit card fraud do’s and don'ts now target simple checks: avoid unknown links, block a card the moment misuse is seen, and file the case early.

Where to Report Credit Card Fraud?

To guide users with a correct reporting path, a list of official channels is placed below. These portals allow a user to freeze the risk and file records in the right format.

Also Read – Is the Interest Rate on Credit Card EMI Too High? Check These Facts

Platform	Use	Website
National Cybercrime Reporting Portal	Cyber and financial fraud filing	cybercrime.gov.in
Indian Cybercrime Helpline	Urgent card misuse complaints	1930.gov.in
RBI Complaint Management System	Bank-card grievance filing	cms.rbi.org.in

Each platform keeps a digital trail that banks can track.

The pattern of misuse seen this year resembles a past incident, where a call centre breach in Gurugram led to a ₹2.6 crore credit card fraud network. The earlier case showed how criminals misused partial customer details to make fake profiles. The current wave reflects the same weakness. More cards in circulation made the target pool wider, while many users stayed unaware of unknown prompts or suspicious KYC messages.

Conclusion

Credit card fraud is rising quickly in India, mainly because more people are using cards and digital payments every day. This makes it important for users to stay alert and follow basic safety steps like avoiding unknown links, checking messages properly and reporting any wrong transaction immediately.

As digital payments grow further in 2026, both banks and customers need to work together to stay safe. Using official complaint portals and keeping simple safety habits can protect cardholders and reduce the chances of fraud.

Other Related Pages
RBI Floating Rate Bonds 2026	New Loan Impact on Credit Score	Loan Fraud Check – Loan in Your Name	Exiting Joint Home Loans After Divorce
PSU Banks Dominating Home Loans	FD Returns vs Rising Loan Rates	Auto Loan Rejection Tips	Banks Accessing Criminal Records for Loans
Borrower Harassment & Loan Shark Safety	Save Tax on Home Loan	AI in Digital Lending FY26	Best Home Loan Tenure India (10/20/30 Years)
Microfinance Loan Defaults Rising	December 2025 Bank Holidays	Credit Card Spending Surge in Ecommerce	Six Mega Banks vs 12 PSU Banks
Recover Forgotten Money in Old Accounts	Top Car Loan Rates November	Credit Card Safety Tips	Delhi HC Limits Bank Fraud Penalties