India reports nearly 800 digital payment fraud cases daily, 10 times more than RBI’s annual report. Cases worth Rs 1,457 crore were reported, increasing to 2.7 lakh cases worth Rs 653 crore when frauds below Rs 1 lakh are included. RBI disclosed 5.4 lakh fraud cases worth Rs 1,146 crore in 5 years. 

Source: The Times of India/ToI

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