This is a perfect section for you if you are interested in enhancing your knowledge about Financial Matters. A few tips and tricks about Investing, Shares, Mutual Funds and Money Saving Schemes.
Launching the offensive:
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Getting a clear picture of the nature of charges against you will help you strengthen your case against the erroneous entry. If alerting the lending institution through this route fails to elicit a positive response, you may have to approach them directly.

Remember, touching base with the branch manager or even the customer care cell may not yield the desired results. Make sure you contact the bank’s nodal officer or the credit grantor.

Their names and contact details are mentioned on the respective banks’ websites and that of the Indian Banks’ Association (iba.org.in/nodallist.asp). If you hit a wall even here, the next step is to write to the Reserve Bank of India’s customer service department and the Banking Ombudsman.

While taking all these measures will not help you prevent a fraud, constant vigilance and knowledge about dealing with the impact of a potential scam or an error will help you contain the extent of damage.
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