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Syndicate Bank compensates debit card fraud victims
The Syndicate Bank in Picket has credited Rs10.68 lakh to 25 customers who were victims of debit card fraud which came to light last month. On April 24, customers of the bank complained to the Marredpally Police that fraudulent withdrawals were made from their accounts of a minimum of Rs 10,000. This was soon after they withdrew cash from the branch’s ATM.
The Syndicate Bank in Picket has credited Rs10.68 lakh to 25 customers who were victims of debit card fraud which came to light last month. On April 24, customers of the bank complained to the Marredpally Police that fraudulent withdrawals were made from their accounts of a minimum of Rs 10,000. This was soon after they withdrew cash from the branch’s ATM.
An investigation revealed that the fraudsters attached a skimmer to the ATM card slot to steal data and clone the cards. The PIN number was collected through a video camera attached to the ceiling of the ATM center. The accused then cloned the debit cards and withdrew cash from an ATM in Mumbai.
The account holders later staged a dharna outside the bank premises and warned that if they were not compensated by May 30, they would not allow the branch to function. The investigation is being assisted by Central Crime Station (CCS), Hyderabad and National Payment Corporation of India. The bank has now appealed to all the customers to change their PIN numbers and to exercise caution while making withdrawals.
By:Ch Saibaba
