Bank account fraud: If someone wrongly withdraws money from your bank account and you complain to the bank about this matter within three days, then you will not have to bear this loss.
Bank account fraud: Bank account fraud has also increased in the increasing era of digital transactions. Unauthorized transactions happen from the bank account illegally. It has been defined as online fraud, digital fraud or cyber fraud. Hackers get the details of your account and withdraw money from it. Often people believe that their money has been lost. but it’s not like that. RBI Kehta Hai you can get your full money back.
What does RBI say?
The Reserve Bank of India has told its method. The Reserve Bank says that even after any unauthorized transaction, you can get your full money back. For this vigilance is necessary. RBI says that by giving information about any such transaction immediately, you can avoid loss.
What does RBI circular say?
According to the Reserve Bank of India (RBI), ‘If you have suffered loss due to unauthorized electronic transactions, your liability may be limited, but also zero, if you notify your bank immediately.’ It is clear that if there has been any illegal transaction from your account, then immediately inform your bank about it. You can avoid giving information without delay. By doing this you can get all your money.
How to get full money back?
Now the question arises in the mind of most of the people that if such a transaction has happened then how will the money be returned? Also, if you complain about withdrawal of money from the bank account, then from where will the bank return the money. Actually, insurance policy is taken by banks in view of such cyber fraud. The bank will tell all the information about the fraud that happened to you directly to the insurance company and from there will compensate your loss by taking the insurance money. Insurance companies are also giving direct coverage to the people to avoid cyber fraud.
Complaint within 3 days of fraud
If someone wrongly withdraws money from your bank account and you complain to the bank about this matter within three days, then you will not have to bear this loss. RBI has also said that the fraudulently withdrawn amount from the customer’s account will be returned to his bank account within 10 days on informing the bank within the stipulated time. RBI has also said that if the bank account fraud is reported after 4-7 days, then the customer will have to bear the loss of up to Rs 25,000.
You can get insurance for cyber fraud
If you want, you can also get insurance to avoid cyber fraud. Companies like Bajaj Allianz and HDFC Argo provide such insurance. In this, if there is any 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 significantly.
The Reserve Bank has issued new guidelines on customer protection, limited liability of customers in unauthorized electronic banking transactions (Customer Protection Limiting Liability of Customers in Unauthorized Electronic Banking Transactions).
