Banking: Axis Bank Customer Approaches Police for ATM Fraud
An Axis Bank customer was at her Mazgaon home (Mumbai) and her debit card was in her purse, when she received alerts on her mobile phone for four withdrawals from ATMs in Thane (a Mumbai suburb).  She complained to the Bank and the police, according to a Times of India report.
 
The police said they will get in touch with the Bank to get CCTV records from the ATMs to track the accused. The first withdrawal for Rs10,000 was done at 3:26am on Sunday, 22 February 2015 followed by two transactions for the same amount at 3:27am and 3:28am. The fourth withdrawal for Rs20,000 was done three minutes later. The victim then blocked her card with Axis Bank for further withdrawals by the accused.

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Retirement: EPFO Considering Housing Scheme for Subscribers

The Employees’ Provident Fund Organisation (EFPO) is working on a housing scheme for its over...

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Real Estate: Unitech To Pay Penalty to Buyers for Delay in Gurgaon Project
Realty firm Unitech said that the delivery of flats in its housing project ‘Residences’ at Gurgaon got delayed and the company would pay the penalty to buyers.
 
“The matter pertains to a housing project known as Residences in Gurgaon, Haryana. All sanctions/approvals, no objections, etc, as required under the law have been procured by the company. Due to market recession, shortage of labour, ban imposed by the High Court on use of ground water for construction and delay in clearances from the regulatory authorities, etc, the delivery of the apartments to allottees got delayed,” Unitech said in a filing to the BSE.

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