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Showing posts from July, 2022

Lost money in online fraud? Follow THESE steps to recover funds

Hackers are misusing our personal and financial information to loot money from the accounts of innocent people. Hackers steal crucial information such as passwords and personal information to plan the loot. Usually, they steal money from the bank accounts of innocuous people via OTP fraud and UPI fraud.  Losing money in such frauds is quite frustrating as there seems to be no way out. However, you can actually try to get your money back by following some simple steps. For those uninitiated, online transactions are financial transactions conducted on digital platforms. Hackers use duplicate websites that look like genuine ones to organise online frauds.  Victims of such frauds can get a full refund of unauthorised transactions, according to banking rules.  For this, however, account holders need to immediately inform the involved parties such as payment gateway, bank and others to get the refund from the fraud.  According to RBI, 'If you have suffered a loss due to un...

Consumer Court Directs Coaching Institute to Refund Rs. 25,000/- along with Rs. 10,000/- as compensation to the student

The District Consumer forum of Pune directed the Coaching Institute to refund Rs. 25,000/- along with 9 % interest from the date of filing till the recovery and further directed to pay Rs. 10,000/- as compensation and mental agony caused to the Complainant student. In the year 2014, the Complainant student Mr. Prasad Mahajan had taken admission to the Respondents coaching institute named I.A.N.T (Institute of Advance Networking & Technology) through its Franchisee Shreya Infotech who is dealing with training IT Professionals and imparting Advanced Computer Education.  The Complainant took admission in the said institute by paying Rs. 25,000/- as admission fees. In the meanwhile the Complainant was also trying to pursue for another course of Travel and Tourism and after two days he came to know that his name was listed in another college which he wanted in the third list and hence accordingly he requested the Respondent to cancel his admission and refund his entire fees of Rs. 2...