Debit card
Misuse of Debit Card

Friends,

It a real story happened in INDIA.

BEWARE OF Private BANKS in INDIA, As there are many frauds are happening these days in INDIA in KOTAK MAHINDRA BANK.

On 17th I was coming from market & I had my wallet & Mobile in my pocket, as I reached home I put my mobile in drawer, After sometime I looked for my wallet but can’t get that at home. I assumed that it must be within house so got busy in some other work. Next day I got to know by Credit card dept that my Credit limit is getting over and is there any need to increase it. At that moment I got shocked that my wallet was lost outside & somebody had misused my Debit & Credit Cards. I Blocked all my Debit & Credit Cards at same moment. But till that time the person had made big Shopping against those cards.

here the Fraud comes infront from Bank’s side. The Signature done by the person were totally different from the signatures specimen on Card’s Stipe. Even after that Banks had let the person do shopping & now they (KOTAK MAHINDRA BANK) are not taking any responsibilities of getting money revert back into my Account. As I talked to Bank they agreed that Signatures must match with specimen on the stripe, but still they are not accepting it their fault.

So I would prefer you guys to be aware of opening account in Banks where you will be getting VISA Debit cards. If you have Cards with MAESTRO then your cards are totally safe.

After this incident we can assume that Our Money is not safe in Hands of KOTAK MAHINDRA BANK.

Company: Debit card
Country: India

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