Deposit manipulation by bankers
You may have gotten a call from your banker to help by moving some money in your bank account at month end and some even saying sir you can move it out in the first week of the coming month.
The entire system does this and it is a scam as the incentive calculations are done basis month end balance.
HDFC among all banks caught it. In many others its still persisting. Regulator RBI must be activated to act against this. The whole chain up to senior management of banks are incentivised to make this scam work for them to get their incentive.
This needs fix. Couldn’t think of a better place than Local Circles so shared. more
The entire system does this and it is a scam as the incentive calculations are done basis month end balance.
HDFC among all banks caught it. In many others its still persisting. Regulator RBI must be activated to act against this. The whole chain up to senior management of banks are incentivised to make this scam work for them to get their incentive.
This needs fix. Couldn’t think of a better place than Local Circles so shared. more
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I have one suggestion. What ever is the minimum balance maintained by account holder in Savings Bank during say one year, that should be treated like Fixed Deposit and Banks must pay at the FD rates. more
May 15
It is quite common in all industry..In bank parlance it is known as window dressing..keeping your shop attractive and clean in order to attract more customers and more business...further the banks are required to maintain certain fixed percentage of current deposit and fixed deposits...this kind of moving funds for short duration helps the banks in many ways.. On Thu, 1 May 2025, 16:54 Vijaya Nair, wrote: > more
May 03
All are hand in glow after. Digitalization of banking system the india tradition of honesty integrity and accountability and transparency is totally lost and no reply from bankers if we rise any issue against the staff more
May 02
My account was hacked as I don't use any digital mode of activities only traditional banking cheque book system raised my concerns to bankers head office legal team cybercrime and rbi no action are we trust bank official more
May 02
people who are close to customers in banks resort to this and tell them after a week they can transfer it back. more
May 01
