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Home»NEWS»Banking Fraud: All money disappeared from bank account to be found in 10 days… RBI told- Just have to do this work
NEWS

Banking Fraud: All money disappeared from bank account to be found in 10 days… RBI told- Just have to do this work

Bhagyashree SoniBy Bhagyashree SoniMarch 30, 2021No Comments4 Mins Read
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Banking Fraud: All money disappeared from bank account to be found in 10 days… RBI told- Just have to do this work
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RBI Alert for Banking Fraud: If you are a victim of banking fraud then you will have to complain to the bank about this within 3 days. Only then you will not suffer any harm.

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RBI Alert for Bank Fraud: The era is of digital. From eating tea-pakoras to shopping and buying cars… we use a digital approach to make payments. UPI payment, debit or credit card payment, online banking or mobile banking app… These methods of payment more than cash transactions are in trend. Incidents of cyber fraud are also increasing rapidly during this digital transaction.

You or someone you know may have been a victim of banking related fraud. It is called online fraud, digital fraud or cyber fraud. In this, hackers hack the information related to your account and withdraw money from your bank account. After this, you keep rubbing your hands. But do you know that you can get back the money that was missing from your account?

RBI told- what to do

The Reserve Bank of India has given a way to get back the missing money from your account. RBI says that if there is any unauthorized transaction, then even after that your full money can be recovered. However, caution is necessary for this. RBI says that by giving information of any such wrong transaction to the bank immediately, you can avoid loss.

According to the Reserve Bank (RBI) – ‘If you have suffered loss due to unauthorized electronic transactions and if you inform your bank immediately, then your liability may be limited, but also zero.’ It is clear that if there is any illegal transaction in your account, then inform it immediately to your bank. You can avoid giving information without delay. By doing this you can get all your money.

After all, how will full money be returned?

Now you must be thinking how to get the money back… Even if you complain about withdrawing money from the bank account, then from where will the bank return the money! Actually, insurance policy is taken by banks to avoid the danger of such cyber fraud. In such a situation, the bank will tell all the information about the fraud with you directly to the insurance company and then take the insurance money from there to compensate your loss. To avoid such cyber fraud, insurance companies are giving direct coverage to the people.

Complain within 3 days of being a victim of fraud

If you are a victim of banking fraud then you will have to complain to the bank about this within 3 days. Only then you will not suffer any harm. The RBI has said that after giving information to the bank within the stipulated time, the amount withdrawn fraudulently from the customer’s account will be returned to his bank account within 10 days. RBI has also said that if the fraudulent report of the bank account is reported after 4 to 7 days, then the customer will have to bear a loss of up to Rs 25,000.

You can also get insurance

If you want, you can also get yourself insured to avoid cyber fraud. Companies like Bajaj Allianz and HDFC Argo provide such insurance. Under this insurance, if there is a cyber fraud in your account then you will get your money back. Due to online transactions, the scope of insurance to avoid cyber fraud has also increased a lot these days. Explain that the Reserve Bank has issued new guidelines on customer safety, limited liability of customers in unauthorized electronic banking transactions.

Also read: If the bank dips then you will get your money in 90 days! Government will give guarantee, know- what is the preparation

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Bhagyashree Soni
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Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

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