Friday, May 23, 2014

Multiple bank accounts may just be more pain than gain

............."Frauds can occur, at times, in collusion with insiders, as they know that the account holder has either forgotten about the account or has shifted and is not likely to return. So, fraudsters initially with start by making a small withdrawal; keep a watch for some time and thereafter withdraw the entire balance. Despite various systems that are in place, frauds do take place in inoperative or dormant accounts," 

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