What to do in case of a fraudulent transaction


Hi,I would like to share an incident happened on 06th APR 18 ,A fraudulent transaction done,I got an SMS in morning related to account debit my account debited twice & total amount is Rs.131,340 I didn\'t get OTP . actually I got an suspicious email on 05th APR 18 in afternoon from the name of ICICI bank & mention there validate account details otherwise your account will be stop due this I replied of this mail but after replied I call to customer care & share about this experience & share that suspicious email also I request for stop all services but they not stopped on next day in morning 4 am my account was debited .so I want to know according to law who will bear the loss I updated to the bank about on that mail response by me after fraudulent activity has done kindly tell me the process so my hard earned money refund me soon ,I filled cyber cell fir .

Answers (3)


96 votes

sir yes u can go for legal remedy to recover your hard earned money and the bank as well as that person who credit your said amount will be the party in that case. Here bank must send the OTP (one time password) before completing the transaction.


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77 votes

Dear friend, you immediately contact the Ombudsman regarding your complain. You can download the complaint form from the as well. If I am not wrong Banking Ombudsman has office in CP. Also your FIR Will help you to trace to which account it has gone. But do it immediately.

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184 votes

In accordance with the RBI guidelines, the customer shall not be liable for the loss if the intimation is made to the bank within three days from the fraudulent transaction. You can be assured that the loss will be paid back to you if you were diligent and have reported the transaction within three days.

Thanks and Regards,
Vivek

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