Reports of international transactions on cards - Fraudulent.. Watch Out

[zacobite]

Lots of reports of. fraudulent international transactions on axis cards to start and now for a few other banks.. Watch out.. Keep mobile numbers updated, disable. international transactions on cards and limit the domestic as well on cards that are not regularly used...

 

[ShavirB]

Guys please note, there are clear rules by RBI from recovery of such fraud transactions -

• Within 3 days: If you report fraud transaction within 3 days of the incident, then you will bear zero liability for it. In this case, 100% amount will be refunded
• Within 4-7 days: If you report fraud transaction within 4-7 days of the incident, then you will have to bear liability of INR 5,000 to INR 25,000. Balance amount will be refunded
• After 7 days: If you fail to report within within 7 days, the bank will not be liable to refund any amount to you

 

[zacobite]

Guys please note, there are clear rules by RBI from recovery of such fraud transactions -

• Within 3 days: If you report fraud transaction within 3 days of the incident, then you will bear zero liability for it. In this case, 100% amount will be refunded
• Within 4-7 days: If you report fraud transaction within 4-7 days of the incident, then you will have to bear liability of INR 5,000 to INR 25,000. Balance amount will be refunded
• After 7 days: If you fail to report within within 7 days, the bank will not be liable to refund any amount to you

now being reported for many banks including domestic transactions