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RBI Data Shows India Digital Payment Fraud Cases Rose From 260,000 to 2.8 Million

Reserve Bank of India data cited in the post says fraud cases across UPI, IMPS and NEFT increased sharply between 2021 and 2025, alongside a steep rise in reported losses.

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Terms & Concepts
  • UPI: Unified Payments Interface, India’s real-time retail payment network for instant bank-to-bank transfers.
  • IMPS: Immediate Payment Service, an Indian real-time interbank electronic funds transfer system.
  • NEFT: National Electronic Funds Transfer, an Indian payment system for batch-processed bank transfers.