Search Results for: insurance
“Zero Liability” for Bank frauds… Customers need to take some precautions…
After waiting for more than 10 months and repeated reminders at all levels including the Finance Minister and the Prime Minister, RBI finally came out with its circular of 6th July 2017 titled “Customer Protection-Limited Liability in Unauthorized Electronic Banking … Continue reading
Cashless Economy …Disruption Without Destruction
On the historical “GST day” when a One Nation- One Tax system went on stream, a day long conference was held in Chennai about “Cash Less Economy”. Organized by InternetTechies Solutions Private Limited, the program in ITC Chola Grand discussed several … Continue reading
Banking Ombudsman Scheme Amended…and scope expanded
For quite some time the RBI’s Banking Ombudsman Scheme has been defunct since the scope of the scheme has been interpreted by the Ombudsman as very limited. In most cases, Ombudsman have the habit of not only rejecting the complaints … Continue reading
Banks want their negligence to be underwritten by the Customers. Do you agree Mr Urjit Patel?
Yesterday, I highlighted the plight of a customer of State Bank of India Musiri branch in Tamil Nadu who lost Rs 49773/- through a fraud. We can recall here the decision of the Adjudicator of Tamil Nadu in the case of … Continue reading
Calling attention of Branch Manager, State Bank of India, Musiri Branch, Tamil Nadu
This is an open letter to The Manager, State Bank of India, Musiri Branch, Tiruchirapalli Branch, Tamil Nadu. Dear Sir I am informed that on June 7th 2017, 5 fraudulent withdrawals have been made from one of the customer’s of … Continue reading
The Bug in AEPS is in the biometric devices and BCs and not the UIDAI server… But the effect is same
When Aadhar was in its initial stages, whenever security issues were raised with Mr Nandan Nilekani, he used to assure that Aadhar is not a “Card” but it is only a data base. Information in aadhar database never travels across … Continue reading