Comments on: Bank fraud in India – Just 3 simple steps

By: shank

shank — Thu, 09 Dec 2010 03:25:26 +0000

It is a negligence only. Even for material alterations like changing the bearer to order , the banker has not taken minimum precaution. But it is a lesson for those who speak loudly about customer service

By: shank

shank — Thu, 09 Dec 2010 03:24:09 +0000

By: Deep

Deep — Tue, 07 Dec 2010 07:24:38 +0000

It is definitely fraud, the guy changed did the fake signature, modified the cheque and got the cash on a/c payee cheque.

By: P Suryanarayan Murthy

P Suryanarayan Murthy — Tue, 07 Dec 2010 07:19:14 +0000

May I take the liberty of correcting the Caption please ?? It is not a ‘bank fraud’ it is a case of ‘bank negligence’. Fraud if misappropriation, falsification of accounts, forgery, transfering funds with fictitious name to fictitious accounts with an intention to cheat the bank/customer. Please note my friends !!!

By: SANJAY PRABHU

SANJAY PRABHU — Tue, 13 Jul 2010 14:02:10 +0000

Lot of frauds are happening at Axis Bank. Auditors are themselves involved in the Frauds. They want to loot the customer and make money. Please click on the below link if you want to see Axis Bank Ex Staff comments and stop banking with Axis

Our SBI is great… bankers to the nation.

http://www.forum4finance.com/2010/07/04/rbi-cut-bank-ceos-pay-basis-poor-performance/

http://www.moneylife.in/article/8/3717.html

http://www.taxguru.in/sebi/draft-guidelines-on-compensation-of-whole-time-directorschief-executive-officersrisk-takers-and-control-function-staff.html

By: Finance Friday : Cheques To Get More Secure , Stock Market & The Union Budget | Business, Finance Friday, banking, stock market

Fri, 26 Feb 2010 04:04:28 +0000

[...] security features will at least make life difficult for guys who deal in counterfeit cheques.It is actually surprising how easy is to do a cheque fraud here.Moreover, RBI has instructed banks to move towards [...]

By: Rohit

Rohit — Fri, 02 May 2008 05:34:50 +0000

lol…talk about security measures.

By: soham

soham — Wed, 30 Apr 2008 09:38:03 +0000

Thank GOD !!! YOur money is saved and the culprit has been held..

Nice informative post though..

By: Vinay

Vinay — Tue, 29 Apr 2008 20:25:03 +0000

This is really weired! On first hand, how the hell did the employee from PC Shop even imagined to do something.. it never took him long to do.. just came to bank asked for information and got the plan sorted! Is he an expert?

Secondly, do you suspect the folks at PC Shop or was the fault entirely the employee’s? And its so stupid that the bank officials were so stupid enough to let go the cheque without any cross verification!

Good job Deep in figuring out the culprit.. the bank plays main role and glad you are filing a case against them as well.

And with title of post, I wonder when people are going to be very much concerned to consumer and their assets!

Gosh.. long way ahead! You should have put a note before or after the article.. P.S: The story explained here have been performed by experts and are for analysis only, do not attempt to risk on your own. I am not responsible for any outcome from the steps mentioned here!

Ha ha.. I know that was funny.. but who knows .. someone could use this as a guide to test a fraud..!

Cheers,
Vinay

P.S: Do update us on the progress..!