New Delhi, Nov. 26 -- With the advancement of technology, credit card use, along with associated fraud, is continuing to rise in the country. This is a consequence of the rapid expansion of digital technology, quick form submission and approval of credit cards.

Now, in such a scenario, even a single unauthorised transaction or debit message on the credit card holder's mobile phone can trigger significant financial and emotional stress. Acting swiftly and in a planned manner is crucial in such situations to minimise losses and ensure a timely solution.

Under the RBI norms, credit card holders have zero liability for unauthorised transactions. Still, this zero liability is subject to proper reporting of the credit card fraud event within ...