New Delhi, Feb. 24 -- Credit card frauds are on the rise in India, and most of them are happening through internet transactions. Rapid digitalization of payment services is also a crucial factor facilitating: credit card scams, loss of funds and identity thefts through numerous fraudulent transactions.

There are some legal rights of the Indian citizens to protect them from loss due to such fraudulent transactions. It is essential for all users of a credit card to be vigilant, well informed and completely aware of these rights and developments in this area. Some of the important points to always keep in mind are discussed below:-

The Right to Privacy is the first such assurance. Reserve Bank of India (RBI) requires banks and Non-Banking ...