Home - Tag Archives: Bank Fraud

Tag Archives: Bank Fraud

SBI Paid Double on Cancellation of Flipkart Orders


This is really beautiful, when you get double refund on not purchasing anything from Flipkart. Recently Moneycontrol has reported an incident where  State Bank of India (SBI) has deposited double the cancelled amount in 39 accounts. The money was once credited on the day of the cancellation and credited again a few days later. SBI already have lost more than Rs 7 crore from ...

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RBI Former Deputy Governor KC Chakrabarty Stopped From Travelling To London


CBI issued Look out Notice against Former Deputy Governor of RBI –  Former deputy governor of Reserve Bank of India KC Chakrabarty was stopped from travelling to London in the month of May at the Mumbai airport due to reason, the Central Bureau of Investigation (CBI) had issued a Look Out Circular (LOC) against him.  LOCs are used to monitor ...

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Beware “Fake PayTm” Apps Cheating People With Their Money


PayTm Fraud with Fake Android Apps – Recently many cases were registered by Hyderabad Police where crooks are resorting to fake apps like ‘prank Paytm’ to con shopkeepers and merchandise owners. The Android application “Fake PayTm” was used for generating the fake payment receipt along with transaction ID to cheat people. Frauds has taken place in many of the shops ...

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Listen and Beware !!! Fake Customer Care Call from Banks


Go through the audio conversation between a customer and so called Fake Customer Care Executive of SBI. Initially they asked for SBI debit card and when they came to know that customer doesn’t carry the State Bank debit card, he asked for any bank’s card. This is known as Vishing in banking terminology and defined as any attempt to obtain ...

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ATM Fraud – List of Customers Liability


Check out the list of liabilites for customers if their ATM cards defrauded. RBI has advised banks to improve and upgrade their ATM security software against recent frauds like skimming and phishing. RBI has pointed out that banks have not taken steps to secure ATMs running on old software despite being warned about these in April, 2017.  Read – Banks to Upgrade ...

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Tutorial – How To Report Bank’s Fraud Cases to CBI ?

Bank Fraud reporting guidelines

Checkout the various CVC guidelines on reporting of fraud cases to investigating agencies like CBI. Central Vigilance Commission (CVC) has revised the guidelines for reporting the cases of frauds to different departments like CID,  State Police or CBI incase of Public Sector Banks. RBI’s circular states that the cases of frauds involving more than Rs 25 crore and up to Rs ...

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