LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Personal Finance News

Is your money safe? Bank ATM fraud cost these people Rs 9 lakh; this is how

In the most recent case of fraudulent withdrawals from bank accounts that embroiled a Canara Bank unit in Kolkata, as many as 37 customers became victims, according to an official. "So far, 37 customers in our branch have complained of fraudulent withdrawals from their saving accounts. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Is your money safe? Bank ATM fraud cost these people Rs 9 lakh; this is how
Despite all banks issuing instructions to the contrary, people who have bank accounts keep losing their money to bank ATM fraud. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Thu, Aug 02, 2018
02:31 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Bank ATM users alert! New modus operandi comes to light; how to keep your money safe Bank ATM users alert! New modus operandi comes to light; how to keep your money safe
ATM user? Beware! Do this or you could fall prey to debit card skimming ATM user? Beware! Do this or you could fall prey to debit card skimming
Have debit card for bank ATM? Alert! Fraudsters can steal your money; HDFC Bank says don't do this Have debit card for bank ATM? Alert! Fraudsters can steal your money; HDFC Bank says don't do this
Money removed from debit, credit card? How chargeback request can help you get refund Money removed from debit, credit card? How chargeback request can help you get refund
 SBI account holder? Here's a warning from your bank - Do this to keep money safe SBI account holder? Here's a warning from your bank - Do this to keep money safe

Despite all banks issuing instructions to the contrary, people who have bank accounts keep losing their money to bank ATM fraud. The fault lies in the fact that these bank account holders give out sensitive details like bank account numbers, credit card or debit card numbers and even PIN numbers to fraud call centre employees who quickly steal the money from them. This big mistake cost these people Rs 9 lakh!  

In the most recent case of fraudulent withdrawals from bank accounts that embroiled a Canara Bank unit in Kolkata, as many as 37 customers became victims, according to an official. "So far, 37 customers in our branch have complained of fraudulent withdrawals from their saving accounts. The total amount of fraudulent withdrawal is more than Rs 9 lakh," this was revealed by Gariahat branch manager of Canara Banks in South Kolkata told PTI.

'The fraud was not restricted just to this branch. 5 other branches of Canara Bank in Kolkata also complained about unauthorised transactions in their accounts in the police complaints that they lodged.

This Is How The Fraud Happened
Suspicion is centred around skimming devices planted on some bank ATM machines. When these account holders went to these ATMs, their credit card or debit card details were somehow availed by the fraudsters. These criminals then withdrew the amounts. In the complaints, it was revealed that amounts ranging from Rs 4,000 to Rs 40,000 were debited by fraudsters. 

However, police also revealed that they are also probing whether this is a case of hacking of the bank's servers.
"We are talking to the Canara Bank authorities to check whether their main server was hacked. It also needs to be identified whether the people who lost their money used ATMs," Kolkata Police said.

Watch this Zee Business video

How To Protect Your Money
When bank account holders go to bank ATMs to withdraw money, they should hide their credit card or debit card from others. They should not ask for help from anyone. They should also not reveal the sensitive PIN number to anyone. Also, while punching in the PIN number, hide the numbers by shielding your fingers with the palm of the other hand. Also, check whether there are any other skimming machines in the bank ATM machine where you insert the card and punch in the PIN.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
ATM card fraudATM
RELATED NEWS
Bank ATM users alert! New modus operandi comes to light; how to keep your money safe Bank ATM users alert! New modus operandi comes to light; how to keep your money safe
ATM user? Beware! Do this or you could fall prey to debit card skimming ATM user? Beware! Do this or you could fall prey to debit card skimming
Have debit card for bank ATM? Alert! Fraudsters can steal your money; HDFC Bank says don't do this Have debit card for bank ATM? Alert! Fraudsters can steal your money; HDFC Bank says don't do this
Money removed from debit, credit card? How chargeback request can help you get refund Money removed from debit, credit card? How chargeback request can help you get refund
 SBI account holder? Here's a warning from your bank - Do this to keep money safe SBI account holder? Here's a warning from your bank - Do this to keep money safe

LATEST NEWS

Planning to apply for driving licence online? Big convenience! No need to visit RTO office anymore - Here is why

IRCTC Share Price: This Multibagger stock soars to near life-time highs! You can make money from it too, check what experts said

Gold Price Today 4-03-2021 – MCX Gold opens in red, falls by Rs 735 since Wednesday; cheaper by Rs 5203 in 2021

SBI Share Price: Investors Alert! Maximise your profit, market experts have this advice for you

Post office account holder? Important news on cash deposit, withdrawal - check new charges on savings, current and other accounts

7th Pay Commission: Who gets double pension and in which case—EXPLAINED

Realme GT 5G launched with 64MP triple camera setup and Snapdragon 888 chipset; Check price, India availability and more

EPFO interest rate today: Retirement fund body likely to make announcement on EPF deposits' interest rate for FY 21

JK Tyre partners CarDekho, AutoBrix for doorstep services

Rege-Jean Page, Billy Bob Thornton and Alfre Woodard join 'The Gray Man' at Netflix

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved