ATM debit & credit Card Fraud, Challenge in India

Namaste India 🙏,

Types of Cards

INTRODUCTION

I am writing this blog to make awareness among all the people of India and also in that group of people who are illiterate or less literate and the people who are well literate, but then also makes mistakes and will get losses, and it's our responsibility to aware such class of people about this kind of fraud.

From Last eight to ten years or from digitization of India or in the new era of DIGITAL INDIA under the excellency our Honorable Prime minister of India Shri Narenda Modi ji 

Poster of Digital India

ACHIEVEMENT
Our India achieved the target of opening more than 120 million savings accounts of the Indians who was not opening their account in banks just because of fear that banking is not for them under the Jan Dhan Yojna Scheme and our nationalized banks working day night to achieve this target, and they had done it this remarkable achievement and India 

Jan Dhan Yojna Camping

120 million Indians come in the general stream of banking and deposit their blood and a sweet income into the bank accounts and feeling happy by getting an entry into their bank passbook. 

We very much thankful to our honorable Prime Minister of India Shri Narendra Modi ji for taking this decision to connect the poor, middle class & poor people of India with our banking system by giving them privilege to become a part of a developing nation

LOWFALL

But!       But!      But!

But behind every good thing one bad thing always there which creates hurdles to in developing of nation and that is ATM OTP BANKING FRAUD   Yes, it is big true. 

Nowadays the specific class of people getting called on their registered mobile number which attached to the bank saving account and asking them several things, yes please read this very carefully. That's how fraudulent person can easily do during the fraud..

INCIDENT

" Hi, I am a bank manager calling from your bank and found that your account will get locked and your whole money will be frozen, if you want to avoid this then please provide me your ATM card no urgently"

Friends taking note by the customer that bank manager is calling to save his money, the innocent customer first sharing his ATM card number and after that the fraudulent person asking for CVV number to the customer and customer easily provide it after that he asking for OTP (One Time Password) which come on customer mobile phone and customer given it in good faith and after that fraudulent person asking OTP to customer till the whole money from his saving account will not completely transferred to in the fraudulent account. 

Think, all this incident happened just because of good faith to customer toward bank manager and the bank and how somebody easily taking the benefit of this relation for attempting fraud and the whole blood and sweet money earned by the innocent customer was get theft in a few minutes and the incident happened so called as a CYBER CRIME 

Cyber Crime

TYPE OF CRIME

Yes guys, this type of banking fraud is coming under banking cyber crime and the case FIR registered in police under CYBER CRIME BRANCH OR CELL. In which police investigate the case by examining the mode of transaction happened during the time when fraud was done.

OBSERVATION
As per study it has come under consideration that the fraudulent person sitting in a deep forest area where the common person fail to reach and also use multiple SIM cards of various network providers, as after every successful thief they change the SIM and destroy the old SIM from which incident was happened and by doing this they get success to hide their location and leave the place before reaching police.

To stop such incident banks always sending the SMS to the customer that they

RBI KEHTA HAI

"Don't Share Card Details like Card Number, CVV Number or any OTP with any person who asking for this, as Bank never asks this information to their customer" 

Whereas, the banking regularity of India we are popularly known as 

Reserve Bank of India

Reserve Bank of India

(RBI) sharing awareness between banking customer by issuing circular and notification (for notification click here), issuing advertisement in newspapers time to time, for creating awareness on such important issues of ATM fraud.

Also request to customer to immediately visit branch block the ATM card and register an FIR in Crime branch cell of local police. 

Banking industry and Credit card Companies running the awareness program to stop such incidents and protect the interest of the customer for maintaining faith in the banking industry by doing camping, T.V add, News Paper publication or by sending SMS.

APPEAL
I request to our Honrable Prime Minister of India Shri Narendra Modiji for to sensitize about this problem with all Indians through his special program #MannKiBaat But rather than that its our responsibility, that we, the common citizen of India, to create awareness in society by sharing this information with our relatives, friends,our workers or with our neighbor, try to talk on this topic in village Gram panchayt, in your school college, or in any type of gathering or with any auto wriksha wala or at on chai wala point as famous points in India to create awareness among the common man of India and also take pledge to completely finish this type of fraud  from our nation as early as possible by taking a simple step for educating people through percolating the only message that..........

"Don't Share Card Details like Card Number, CVV Number or any OTP with any person who asking for this, as Bank never ask this information to their customer" 

RBI kehta hai

“We become aware of the void as we fill it.”                                                                               ― Antonio Porchia

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