International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Digital Banking Frauds in India: a Comparative Legal Study of Rajasthan and Other States

Author(s) Dr. renu vijaywargia
Country India
Abstract The rapid expansion of digital banking in India has significantly enhanced financial inclusion, convenience, and accessibility of banking services. However, the increasing reliance on digital platforms has simultaneously led to a substantial rise in cyber-enabled financial crimes and digital banking frauds. These frauds include phishing, vishing, identity theft, unauthorized electronic fund transfers, UPI-related scams, and online payment frauds, posing serious challenges to consumers, financial institutions, and regulatory authorities. This study undertakes a comparative legal analysis of digital banking frauds in Rajasthan and selected Indian states to examine the effectiveness of existing legal and regulatory mechanisms in addressing such offences. The research critically evaluates the legal framework governing digital banking frauds, including specific provisions of the Information Technology Act, 2000 (Sections 43, 66, 66C, 66D, and 72A), the Bharatiya Nyaya Sanhita, 2023 (Sections 316, 318, 319, and 336), the Digital Personal Data Protection Act, 2023, Reserve Bank of India guidelines, and state-level cybercrime enforcement mechanisms. It further analyses patterns of digital banking fraud, reporting mechanisms, investigation procedures, victim compensation policies, and judicial responses across different jurisdictions, drawing on recent case law including State Bank of India v. Pallabh Bhowmick and Justice K. S. Puttaswamy v. Union of India. Particular emphasis is placed on a quantitative and institutional comparison of Rajasthan’s cybercrime prevention initiatives, including the proposed Rajasthan Cyber Crime Coordination Centre (R4C), against the comparative effectiveness of Telangana, Karnataka, Maharashtra, and Uttar Pradesh, which report the highest cybercrime volumes nationally. The study identifies key legal and procedural gaps affecting the prevention, detection, and prosecution of digital banking frauds. It highlights the need for enhanced inter-agency coordination, stronger consumer protection measures, technological safeguards, and greater public awareness. The findings contribute to the ongoing discourse on strengthening India's cyber-financial security framework and offer recommendations for developing a more robust and uniform legal response to digital banking frauds across states.
Keywords Digital Banking Fraud, Cybercrime, Information Technology Act, Bharatiya Nyaya Sanhita, Data Privacy, Digital Personal Data Protection Act, Consumer Protection, Cyber Law, Rajasthan.
Published In Volume 8, Issue 4, July-August 2026
Published On 2026-07-05
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E-ISSN 2582-2160
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CrossRef DOI prefix of IJFMR is 10.36948/ijfmr

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