Subscribe to the AARP Money Newsletter for more on finances, scams and fraud Did you know that you might be responsible for just the first of fraudulent charges on your credit card, no matter how much gets fraudulently charged?
But with a debit card, you could be responsible for up to 0 unless you report the fraudulent activity within two days.
These facilities were not available earlier," Kumar added.
For cash deposit of up to Rs 1,000 into its mobile wallet through business correspondents, the bank will levy a service charge of 0.25 per cent (minimum Rs 2 and maximum Rs 8) plus service tax.
Mumbai: The largest lender State Bank of India will introduce new facility that would enable withdrawal of cash through ATMs using the bank's mobile wallet.
Else, you have the option of withdrawing money from the nearby ATM and completing the purchase using cash.And if you don’t spot the fraud for more than 60 days, you could be responsible for the total amount fraudulently charged.A few tips Have you been scammed or have you spotted a scam?The policy of the government is to encourage electronic transactions and reduce the use of cash.The strategy was underlined by the central government during a cabinet meeting convened during the start of the year and for this, extra charges that were being levied on card transactions are being cancelled.