A customer has zero liability when an unauthorised transaction occurs due to a third party breach where the deficiency lies not with the bank or customer but somewhere in the system, the Bombay......
The Reserve Bank on Monday said it has imposed penalties of about Rs 1 crore each on Kotak Mahindra Bank and IndusInd Bank for deficiencies in regulatory compliance. Photograph: Francis......
Customers using mobile wallets, prepaid payments cards, and paper vouchers such as Sodexo have been absolved of liability for fraud if it is reported within three days. Illustration: Uttam......
Thomas Ninad's bank account was defrauded of Rs 14 lakh under mysterious circumstances.Jehangir B Gai reveals what happened thereafter.Illustration: Uttam Ghosh/Rediff.com Thomas Ninad had a......
Customers will not suffer any loss if unauthorised electronic banking transactions are reported within three days, and the amount involved will be credited in the concerned bank account......
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative. The data breach that has led to an estimated 3.2 million debit cards getting compromised is only......