ATM trick: Bank cheated of of Rs 1 cr

.....The withdrawals were not normal. Explaining the modus operandi, Pradeep Kumar, SSP, Cyber Crime Investigation, Mohali, said the gang members used to demand a withdrawal of Rs 10,000 from ATM of Federal Bank. But they used to take only Rs 9,900 and leave the last Rs 100 note inside the ATM. As a matter of policy, the ATM machine would retrieve the note, which would flash a message of “failed transaction” in the software system of the private bank whose ATM card was used for withdrawal. Interestingly, cashing in on this message (failed transaction), the miscreants used to call up the helpdesk of private banks demanding refund of Rs 10,000. Apprehending legal action and poor customer response, the private banks used to immediately debit the said amounts in the accounts of the accused........

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