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Failure To Reverse Fraudulent Transactions, NCDRC Holds HDFC Bank Liable For Deficiency In Service

Fraud Alert: SOP for Filing Complaint To Recover Lost Money

Last month, the national consumer disputes redressal commission (NCDRC) directed HDFC Bank Ltd to refund Rs24,000 with an interest of 7%pa (per annum) and pay Rs10,000 litigation cost to a customer whose credit card was used for fraudulent transactions at midnight. What stands out in this ruling is the way the customer filed his complaint and his meticulous follow-up until he got justice.

Credit Card Fraud: HDFC Bank Asked To Refund Rs24,000 with 7% Interest

While setting aside orders passed by fora below, the national consumer disputes redressal commission (NCDRC) directed HDFC Bank Ltd to refund Rs24,000 with an interest of 7%pa (per annum) and pay Rs10,000 litigation cost to a customer whose credit card was used for fraudulent transactions at midnight.

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