Rs 1 Crore Stolen from Bank Account Using Cloned Cards

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Rs 1 Crore Stolen from Bank Account Using Cloned Cards

Rs 1 crore has been stolen from a bank account in Pune using cloned cards. The fraud took place over a period of several months, and the thieves used the cloned cards to withdraw money from ATMs across the city.

The bank, Bharati Sahakari Bank, has filed a complaint with the police, and an investigation is underway. The police are also working with the Reserve Bank of India (RBI) to track down the thieves.

The cloning of bank cards is a growing problem, and there are a number of steps that people can take to protect themselves. These include:

  • Keeping your card in a safe place. Do not leave your card unattended, and do not give it to anyone you do not trust.
  • Being careful when using your card at ATMs. Make sure that the ATM is in a well-lit area, and do not let anyone else see your PIN.
  • Checking your bank statements regularly. This will help you to spot any unauthorized transactions.

If you think that your card has been cloned, you should contact your bank immediately. The bank will be able to cancel your card and issue you with a new one.

This case of fraud is a reminder of the importance of financial security. By taking steps to protect your bank cards, you can help to keep your money safe.

Here are some additional tips for preventing bank card fraud:

  • Use a credit card instead of a debit card whenever possible. This will give you more protection in case of fraud.
  • Enable two-factor authentication for your online banking accounts. This will add an extra layer of security to your accounts.
  • Be careful about what information you share online. Do not give out your personal information, such as your PIN or your full name, to anyone you do not trust.

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