Beware! Using a relative's ATM card can be risky, remedy can be denied

213

An ATM withdrawal proved costly for a Bengaluru-based couple recently. The wife was pregnant and the husband withdrew money on her behalf. When the card was swiped, the ATM did not dispense money, though the amount got deducted from the account. When they filed a complaint the bank rejected it.

The couple took the matter to the consumer forum. After almost four years, the court ruled against the couple stating that only an account holder is authorised to use the ATM card. Experts agree with the consumer forum's stance. Says Sandeep Nerlekar, founder & CEO, Terentia: "The bank, ... Knowmore

Comments

Post a Comment

Popular posts from this blog

I'm Tamilian first, says Sathyaraj post 'Baahubali 2' row

Image
After pro-Kannada organisations threatened to stall ' Baahubali  2' in Karnataka, veteran Tamil actor Sathyaraj has apologised over his remarks on the Cauvery water dispute while categorically stating that he would continue to support these issues as he is a Tamilian first and then an actor. While expressing his views via a WhatsApp video, the actor, who expressed his anuish over the Cauvery water issue nine years back, said that he does not want anyone from his upcoming movie 'Baahubali 2' to bear the losses. He noted,"Nevertheless, in the coming days be it Tamil people, Cauvery issue, farmers issue or any other issue, I would continue to voice my support against these issues." "And if anyone thinks that my statement caused any harm to the producers and directors, then I would request them not to cast this small, meager actor in their films. I don't want anyone to suffer any kind of loss because I would prefer to live and die as a Tamilian ...
Read more

Flipkart Mobile Bonanza sale: Poco F1 for Rs 18,999 & other deals on phones

Image
Business Standard : Flipkart, a home-grown e-commerce marketplace, is currently hosting a four-day sale in which the online shopping portal is offering discounts, cashback, exchange offers and no cost equated monthly instalments on mobile phones. Named Flipkart Mobile Bonanza , the sale started on November 19 and will continue until November 22. Launched earlier this year, the LG G7 ThinQ (review) is a flagship smartphone with top-notch specifications and features. In its price segment, it is the only phone that comes with IP68 water and dust resistance protection, artificial intelligence-based imaging and wireless charging support. In the sale, the phone is available at a discounted price of Rs 29,999. Flipkart is also offering up to Rs 17,900 off on exchange and an additional Rs 3,000 off over regular exchange value. The phone is also eligible for no cost EMI. Coming from the stable of Xiaomi, the Poco F1 (review) is one of the cheapest smartphones with the flagship proce...
Read more

Tim Cook to unveil new iPhone models today: Here's what to expect

Image
On Aug. 2, Apple Inc. became the U.S’s first publicly traded company to sustain a market valuation of $ 1 trillion. But today, Sept. 12, is actually Apple’s most important day of the year. At 10 a.m., Tim Cook will take the stage at the Steve Jobs Theater in Cupertino, California, to unveil the company’s iPhone and Apple Watch strategy for the next year. Individually, each new phone isn’t a significant upgrade. They’ll all look and act like the iPhone X, except there will be two bigger versions: a premium model selling for about $1,000 and another that costs less. ALSO READ: Even after sluggish sales, iPhone X becomes most profitable phone for Apple But in totality, they’re significant: The three new phones will work together to help drive up Apple’s revenue as iPhones contribute about two-thirds of the company’s sales. The bigger model, likely to be called the iPhone Xs Max, will excite people looking for one device able to satisfy most of their computing needs, while ...
Read more