Sanjay Govind Dhande, cyber security member of the National Security Advisory Board (NSAB), was defrauded by more than Rs19 lakh electronically, in a hacker attack. The hackers had even blocked his SIM card so that he did not receive alerts from the bank when his account was being fraudulently emptied.
Economically weaker sections in India can also open zero-balance accounts in foreign banks such as HSBC, Citibank and Standard Chartered Bank and avail free ATM-cum-debit card facility. The Reserve Bank of India (RBI) said its basic savings bank deposit account (BSBDA) guidelines are applicable to “all scheduled commercial banks in India, including foreign banks having branches in India.” Does RBI know whether this is being enforced? Will it check?