• SHASHIKALA K

Banking system plays an important role in the financial and economic development of the country The definition of banking as per Banking Companies Regulation Act says that banking is accepting for the purpose of lending or investment of money from the public, repayable on demand and withdrawable by cheque, draft ,order or otherwise. Under traditional banking there was a personal relationship between the banker and customer. Customers are supposed to go the bank premises and get done their banking activities Now there is a shift from traditional banking system to digital banking wherein banking activities are done through internet. With the Indian Government’s vision of a cashless economy and rapid development in improving internet availability throughout the nation, the country recorded over 25.5 billion real-time payment transactions (highest in the world) exceeded China by 60 %.Digital banking is the technique of doing banking transactions electronically without having personal contact with the banker. It is also called as internet banking, online banking etc. The scheme of demonetization introduced in the country in 2016 paved the way for development of cashless and paperless transactions ,this cashless economy contributed to the development of digital or net banking. The digital banking frauds have been the issue of concern over the years. Fraudsters are inventing newer techniques to cheat the customers. This paper examines the various types of banking frauds associated with digital or net banking and how to prevent it.

Traditional banking. Cashless economy, online banking, Banking frauds, Demonitisation

"NET BANKING AND BANKING FRAUDS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 5, page no.712-723, May-2017, Available :http://www.jetir.org/papers/JETIR1705125.pdf

"NET BANKING AND BANKING FRAUDS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.4, Issue 5, page no. pp712-723, May-2017, Available at : http://www.jetir.org/papers/JETIR1705125.pdf