Credit Card Fraud: As digital payments increase, quick online approvals and people’s dependence on cards for everyday expenses are increasing, the cases of digital fraud are also increasing rapidly. In such a situation, if you have also fallen into the clutches of fraudsters or you are afraid of being defrauded, then do not panic. If you take the right action at the right time, your money can be saved. RBI (Reserve Bank of India) says that customers can get complete protection from credit card fraud, but only if they report the fraud on time and fulfill the necessary conditions. To help you, here is an easy guide, by following which you can keep your money secure if you become a victim of credit card fraud.

block your card

Your first step will be to prevent any damage from happening. As soon as you notice any suspicious transaction, block your card immediately without any delay. You can do this easily through mobile app, net banking page or 24×7 customer care number. This will not only provide relief but will also help in avoiding excessive unauthorized charges. In such a situation, it is important to keep checking the credit card statement from time to time.

Give information to the bank

If you notice any suspicious transaction, do not forget to inform your bank about it. In most cases, banks will ask you to fill a dispute form. This form usually requires filling in details like transaction amount, date, ID and a written statement confirming that you have not authorized the payment. This step is necessary to start the investigation. To make your case stronger, register your complaint on all official channels like bank’s customer care, RBI’s complaint management system. Apart from this, you can also lodge a formal FIR at your nearest police station.

Also read:

This stock is wreaking havoc in the market, upper circuit imposed in four out of five sessions; Price less than Rs 10