Banks not liable to pay if you are a victim of fraud: Gujarat Consumer Court

[Navjot Singh]

• A consumer court in Gujarat has denied a fraud victim’s claim for compensation because he voluntarily shared his ATM card details.
• The victim lost ₹41,500 as he was scammed by a person posing as a manager at the State Bank of India (SBI).
• According to the court, the victim did not follow the numerous advisories and guidelines issued by SBI, which puts the burden of negligence on him.
• However, the National Consumer Disputes Redressal Commission (NCDRC) and the Reserve Bank of India (RBI) say otherwise.

Banks are not liable to cough up payments if you have been a victim of fraud or scams

Banks are not liable to compensate fraud, according to a court in Gujarat — even though the RBI and NCDRC say otherwise

www.businessinsider.in

 

[manu1991]

I thought it was common practice that banks won't refund you if you willingly gave out your card/account details.

Interesting that the guy practices law and still fell for it