Credit card downward chart

Credit card downward chart

Credit Cards payments up by 22 percent

In mean time, peoples pay more money with their credit cards. Payment through credit cards up by 22 % in last financial year. But the active credit card goes down by 2.7%.
Debit cards transactions increased by 46.5 % because of the increase in ATMs chains.
Most of the banks issues ATM for their saving account holders for withdrawing easy cash from ATM. Now active debit card goes to 22.8 cr while the credit card was just 1.8 cr.
SBI stood at no.1 with largest depositor base in India, SBI issued 8 cr debit cards, No.2 is ICICI Bank with 1.65 cr, 3rd is HDFC 1.31 cr, In credit card bazaar, HDFC at No.1 with over .5 crore active credit cards followed by ICICI Bank, SBI, Citibank and standard chartered. Calculate your emi with EMI Calculator
RBI data shows, the value of transactions at domestic ATMs using debit cards to be Rs 9,48,346 crore across 398.40 crore transactions in the March 2010-February 2011 period, while domestic ATM-based credit card transactions were worth just Rs 934 crore across 0.19 crore transactions.

Ambassadors are also not safe from credit card frauds

AK pandey, Ambassador, lives in GK-1, Delhi, complained that someone misused his sbi credit card. Who recently purchase 10gm gold coin in amritsar. Person name who used his credit card his name is satinder singh, resident of Guru Nanak Colony, Amritsar.
When Delhi police reached Amritsar and traced the address but it was found to be fake. The phone number given by indict at the time of the online booking was switched off. Police got new phone number from the online company and a trap was laid near the post office in Amritsar with the help of local police. After a long wait, he came to collect the package. While receiving the package, he was caught red-handed," said addl CP (Southeast) Ajay Chaudhry.
His real name is Avtar Singh. The gold coin was found in the packet. He further told the cops that he had used the same method earlier to buy valuable items online. The police team recovered four gold coins of 2 grams each and one Dell desktop computer from his house. Singh has been sent to judicial custody.