Fraudulent Corporation Bank transaction
I have a 23 year old savings bank account with Corporation Bank. Recently a fraudulent transaction happened from my account via PayPal.
I had applied for a PayPal account but was declined as they couldn't verify my PAN number. I didn't even bother to follow up with it as I didn't want any PayPal account then but on 24.04.2016 PayPal used my Debit Card details that were shared with them and made a fraudulent transaction of Rs. 9832.13 on behalf of some unconfirmed location in the UK.
On noticing the misappropriation in my account I registered a complaint with The Corporation Bank the very next day. I was asked by the Manageress to wait for 45 days for the reversal of the said amount but on inquiry after 45 days my request was declined. I have tried to follow up the matter with Ocado Retail, UK with whom the money is lying, instead I was asked to pursue it with PayPal. PayPal didn't even respond to my request.
Why is it so unsafe to keep our money even with nationalized banks? How can banks be so irresponsible? It should ideally be a simple procedure for the reversal of funds when the purchase is unspecified and incomplete. Can anyone please help me with proper procedure to get my hard earned money back and restore my trust in our banks? more
I had applied for a PayPal account but was declined as they couldn't verify my PAN number. I didn't even bother to follow up with it as I didn't want any PayPal account then but on 24.04.2016 PayPal used my Debit Card details that were shared with them and made a fraudulent transaction of Rs. 9832.13 on behalf of some unconfirmed location in the UK.
On noticing the misappropriation in my account I registered a complaint with The Corporation Bank the very next day. I was asked by the Manageress to wait for 45 days for the reversal of the said amount but on inquiry after 45 days my request was declined. I have tried to follow up the matter with Ocado Retail, UK with whom the money is lying, instead I was asked to pursue it with PayPal. PayPal didn't even respond to my request.
Why is it so unsafe to keep our money even with nationalized banks? How can banks be so irresponsible? It should ideally be a simple procedure for the reversal of funds when the purchase is unspecified and incomplete. Can anyone please help me with proper procedure to get my hard earned money back and restore my trust in our banks? more
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THANKS.NOW I AM IN TROUBLE.I RETIRED ON 30/04/14 FROM METRO RLYS./CAL.DURING MY DUTY NO ACCIDENT HAS OCCURRED.THERE IS A LAW THAT IN THIS CASE 'ACCIDETIAL REWARD' WILL BE GIVEN.I CLAIMED FORTHIS REWARD.THE FILE WAS READY BUT IN ACCOUNTS DEPARTMENT IT IS OBSTUCTING.REWARD MONEY IS ONLY RS.15,500.00(APPOX.)SEVERAL LETTERS AND MEETING THE HIGHER AUTHORITY BUT TILL NOW IT IS PENDING.2 YEARS AND 9 MONTHS PASSED BUT THE CASE WHICH ISTOO SMALL HAS NOT FINALISED.WHY IT WILL BE.THE MATTER HAS INFORMED TO RAILWAY MINISTER AS I AM A MEMBER OF RAILWAY MINISTER'S CIRCLE,LEGAL ADVISE AND SOCIAL LOCLE CIRCLE.CENTRAL GOVERNMENT'S CIRCULAR HAS PLACED ALSO. more
Sep 11
Friends, this is to inform you that after much persuasion and having faith in modern day communication I could get the money reversed into my account. Thank you all for your help and support. more
Sep 10
Hi Rick, you may shoot a test mail at soumitra_bagchi@yahoo.com to facilitate me sending the previous communications to you. more
Jul 26
@Akhil P Walia, my PayPal account wasn't activated as PayPal couldn't find my PAN details valid, etc. They had my debit card details because I had provided them with those details to start an account. I don't know whether it was PayPal India or UK. In my complaint I have provided all details including the order slip which is in some UK address. I have tried to raise this with the PayPal Facebook account too but they haven't been responsive too. Logically it's Corporation Bank's obligation to reverse the payment but they have been absolutely stupid and silent. more
Jul 26
