"Cashless" endangers the masses: HDFC Bank leads the way
Mumbai, 22 nd December, 2016: Think how dangerous cashless payment can be if you are a typical unwary customer. If you pay in cash, you have the assurance of knowing that nobody can reach into your wallet and take an extra buck. But if you pay online, extra money can be skimmed by your bank without your knowledge. Sanjeev Goel of Belapur, who runs a coaching academy, read his account statement and found that HDFC Bank had repeatedly made deductions that he wasn't informed about , had not permitted, and wasn't notified of by SMS alerts. Sanjeev was charged Rs. 34.50 for each of the 32 times he paid student's fees of Rs 3000/- to Tata Institute of Social Sciences (TISS). Sanjeev immediately got an SMS alert f or debit of Rs 3000/- but not for Rs 34.50. TISS denies deduct ing that amount , so clearly, HDFC deducted it . For what? Authorized by whom? Geetha Priya, Manager Correspondence (PNO Desk) claimed in an email: "We take this opportunity to reiter...