Tag Bangalore

Recently there has been attack on a woman who went to an ATM.

She was injured seriously .

The Court has directed that the Banks must provide adequate security in the ATMs with immediate effect.

The banks have been balking at the issue of providing security at the ATMs because of the security personnel.

Right now ATMS have elderly guards from Security firms,.

These guards can hardly walk, let alone stop the intruders.

Let's see how the Banks act now.

I have seen Banks cheating customers in Account statements.

My son has an account with a leading private bank.

He never reads the account statement.

I read his account statement.

I find , on regular basis, amounts being debited, Rs.100/200,as .towards 'Service Charges'

When I contact them they regret and reverse the entry and credit the charges they have debited.

As an explanation,I was informed that these things do happen!

Imagine Rs.100 per customer and assume that the Bank has 1 Million Customers.

A minority like me check the account statement.

Unreported the Bank collects a huge amount.

Such are the practices of the Banks, where they cheat when no one is looking.

And they cheat heavily on House Mortgages, Loans.

I am yet to see one who has cleared his Housing loan.

I have posted on how banks mislead customers on Housing Loans and keep you in Debt till you die.

On top of this the Banks get bail out from the Government, as in JP Morgan.

Many Banks have been caught in cheating customers and some of them were caught in some cases.

The compensation they have to pay is mind-boggling.

But they are unfazed, for it is not their money, it is the Public's/Shareholders!

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