A consumer commission held a bank liable for failing to act on suspicious transactions after a woman lost nearly ₹6.93 lakh in a FedEx parcel scam. Despite OTP-authorised transfers, the bank was ordered to refund the amount along with interest and compensation.
Can a bank be held liable if you voluntarily transfer money to a scammer? Here’s what Consumer Commission says
A consumer commission held a bank liable for failing to act on suspicious transactions after a woman lost nearly ₹6.93 lakh in a FedEx parcel scam. Despite…
