{"id":1453,"date":"2019-11-26T10:16:37","date_gmt":"2019-11-26T10:16:37","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/11\/26\/withdrawing-cash-from-atms-may-land-you-in-trouble-robbery-burglary-on-a-rise\/"},"modified":"2019-11-26T10:16:37","modified_gmt":"2019-11-26T10:16:37","slug":"withdrawing-cash-from-atms-may-land-you-in-trouble-robbery-burglary-on-a-rise","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/11\/26\/withdrawing-cash-from-atms-may-land-you-in-trouble-robbery-burglary-on-a-rise\/","title":{"rendered":"Withdrawing cash from ATMs may land you in trouble; robbery, burglary on a rise"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1775635 size-full\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/11\/atm660.jpg\" alt=\"atm, atm fraud, robbery in atm, bank fraud, sbi, kotak mahindra fraud, digital payment fraud\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/atm660.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/atm660-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/atm660-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/atm660-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1775635 size-full\" src=\"https:\/\/images.financialexpress.com\/2019\/11\/atm660.jpg\" alt=\"atm, atm fraud, robbery in atm, bank fraud, sbi, kotak mahindra fraud, digital payment fraud\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/11\/atm660.jpg 660w, https:\/\/images.financialexpress.com\/2019\/11\/atm660-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/11\/atm660-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/11\/atm660-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">The cases involving ATM Cards or Internet banking frauds have also surged in the last three financial years.<\/span><\/figure>\n<\/div>\n<p><span style=\"font-weight: 400;\">Withdrawing cash from your savings account can land you in trouble as the cases of robbery, dacoity, burglary, and theft in ATMs are on a rise. In FY18, 303 such cases took place, which shot up to 515 in the last fiscal year 2018-19. Most of the cases of robbery and burglary were reported in Maharashtra, Rajasthan, and Haryana, Anurag Thakur, MoS, Ministry of Finance, said in a reply to a question in Lok Sabha. Even in the half-year of the current fiscal year, 238 such cases have already been reported.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In case of unauthorised transactions occurring due to contributory fraud, negligence, or deficiency on the part of the bank and due to third party breach, the customer is entitled to zero liability if the bank has been notified within three working days, according to an <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/tag\/rbi\/\" rel=\"noopener noreferrer\">RBI<\/a> circular. However, the bank has to bear the loss if the amount is not recovered.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/sbi-allahabad-bank-worst-hit-by-frauds-nearly-2500-cases-rock-psu-banks-in-q1\/1775447\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Also Read: SBI, Allahabad Bank worst hit by frauds; nearly 2,500 cases rock PSU banks in Q1<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Though the banks have been advised by the RBI to initiate immediate action to implement the control measures for ATM, including up-gradation of software and to closely monitor the compliance, the cases related to robbery and burglary have surged in the recent past. The banks have also been advised to ensure that all active cards issued by the banks are EMV Chip and Pin-based; and the banks should provide customers with 24\u00d77 access through multiple channels for reporting unauthorised transactions that have taken place or theft of payment instrument, such as card.<\/span><\/p>\n<p><a href=\"https:\/\/www.financialexpress.com\/industry\/india-faces-highest-corporate-frauds-in-south-asia-these-reasons-make-the-country-vulnerable\/1774307\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Also Read: INTERVIEW | India faces most corporate frauds in South Asia; these reasons make the country vulnerable<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the cases involving ATM Cards or Internet banking frauds have also surged in the last three financial years. In FY19, most cases related to such frauds took place in Maharashtra (233) and Delhi NCR (179). These frauds mostly hit the <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/state-bank-of-india-stock-price\/\" rel=\"noopener noreferrer\">State Bank of India<\/a> and <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/kotak-mahindra-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">Kotak Mahindra Bank<\/a>, followed by <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/icici-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">ICICI Bank<\/a> and <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/hdfc-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">HDFC Bank<\/a>.\u00a0\u00a0<\/span><\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] The cases involving ATM Cards or Internet banking frauds have also surged in the last three financial years. Withdrawing cash from your savings account can land you in trouble as the cases of robbery, dacoity, burglary, and theft in ATMs are on a rise. In FY18, 303 such cases took place, which shot up [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":1454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=1453"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/1453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/1454"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=1453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=1453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=1453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}