Discussion on Aadhaar Based Bank Frauds!

ze_cook said:
Almost never needed it, as OTP based auth is enough for most purposes.
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What's your take on contact less cards?

You place the debit card on their POS and a few seconds the payment is settled. Like magic.

No OTP required :oops:
Arjun said:
Locked biometric many years back and do not share adhaar details with the bank for KYC. Recently had applied for Axis CC , they came with biometric machine for verifying KYC, i refused to give adhaar, they agreed to do it manually after some persuasion. PSU banks just refuse to offer alternative to adhaar.
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Not entirely true. They just make it harder. Every six months they lock my account and ask for kyc. ATM withdrawal works but anything beyond is declined.

I have to sign a form with pan card xerox. Then a few hours later I get sms from the bank saying welcome back :bored:

I set a reminder on the phone now to let me know what to expect six months hence.
 
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blr_p said:
Not entirely true. They just make it harder. Every six months they lock my account and ask for kyc. ATM withdrawal works but anything beyond is declined.
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Which bank is this ? If you give any of the requisite docs for address and identity proofs (Aadhar is not mandated) then they are bound to accept. Otherwise this is against the law / RBI KYC regulations so you can raise a complaint.
I have not faced this with any of the 4 banks, whose products I use.
 
ibose said:
Which bank is this ? If you give any of the requisite docs for address and identity proofs (Aadhar is not mandated) then they are bound to accept. Otherwise this is against the law / RBI KYC regulations so you can raise a complaint.
I have not faced this with any of the 4 banks, whose products I use.
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Canara. I don't know if it's policy just noting the cards, get declined around that time and I have to give them kyc again.

I don't want to give them Aadhar which for zero effort neatly bypasses the main topic here :)
 
blr_p said:
What's your take on contact less cards?

You place the debit card on their POS and a few seconds the payment is settled. Like magic.

No OTP required :oops:
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I use contactless payments, but with certain limits.
a. Only credit cards, not debit
b. Contactless limit set to 3000rs
c. I don't use the card directly, rather I use my phone's NFC payment (Samsung wallet, supports all POS machines that support contactless card payments). This way I can immediately verify the transaction and raise dispute if anything is off. It even works offline (in flight).
 

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