Monday, May 19, 2014

RBI to banks: Alert customers on fraud remittance schemes

To ensure that customers do not fall prey to fraudulent schemes promising cheaper funds from abroad, the Reserve Bank of India wants banks to consider prominently displaying messages cautioning them about the schemes on their websites as well as branch/ATM locations. The central bank also said banks could consider incorporating a column on “reason/ purpose for payment” in pay-in slips so that officials could advise customers not to remit money to fraudsters who float fraudulent schemes.............

No comments: