In a survey conducted in May 2023, 41 percent of respondents in India claimed their matter related to financial fraud was still pending. 18 percent stated that they filed a complaint with the platform and got the money back. As per the Reserve Bank of India's banking report a total of 5,406 fraud cases were reported in the first half of financial year 2023.
Public opinion on getting the money back after financial fraud in India as of May 2023
Survey question: For the different financial frauds you or someone in your immediate family has experienced in the last three years, did you get your money back?
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LocalCircles. (May 2, 2023). Public opinion on getting the money back after financial fraud in India as of May 2023 [Graph]. In Statista. Retrieved December 25, 2024, from https://www.statista.com/statistics/1394717/india-money-recovery-after-financial-fraud/
LocalCircles. "Public opinion on getting the money back after financial fraud in India as of May 2023." Chart. May 2, 2023. Statista. Accessed December 25, 2024. https://www.statista.com/statistics/1394717/india-money-recovery-after-financial-fraud/
LocalCircles. (2023). Public opinion on getting the money back after financial fraud in India as of May 2023. Statista. Statista Inc.. Accessed: December 25, 2024. https://www.statista.com/statistics/1394717/india-money-recovery-after-financial-fraud/
LocalCircles. "Public Opinion on Getting The Money Back after Financial Fraud in India as of May 2023." Statista, Statista Inc., 2 May 2023, https://www.statista.com/statistics/1394717/india-money-recovery-after-financial-fraud/
LocalCircles, Public opinion on getting the money back after financial fraud in India as of May 2023 Statista, https://www.statista.com/statistics/1394717/india-money-recovery-after-financial-fraud/ (last visited December 25, 2024)
Public opinion on getting the money back after financial fraud in India as of May 2023 [Graph], LocalCircles, May 2, 2023. [Online]. Available: https://www.statista.com/statistics/1394717/india-money-recovery-after-financial-fraud/
