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View Full Version : Customers should report fraud in 3 days to avoid losses: RBI - Economic Times



FraudNews
07-06-2017, 01:40 PM
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Customers should report fraud in 3 days to avoid losses: RBI (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNETy1efSew5cGyP4Ymt3H5MCk2LCA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779548666183&ei=4j1eWYiCNsLH3QHNnaSoAw&url=http://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-notifies-norms-to-limit-liability-of-consumers-hit-by-transaction-fraud/articleshow/59474878.cms)
Economic Times
A customer's entitlement to zero liability will also arise where the unauthorised transaction occurs due to "contributory fraud/negligence/deficiency on the part of the bank (irrespective of whether or not the transaction is reported by the customer ...

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