Recent Discussions

Irresponsible bank employees

15th June 1999      Krishna @hct.ac.ae

Dear readers:

Though this isn't a fraud, it can be made to seem like one. Nevertheless, 
it is an issue of concern. I am a resident of UAE, and send money on a 
regular basis to my mother in India. The remittance usually reaches in 
about 2 or 3 days at the most. On one particular occasion, the money wasn't 
credited for over 20 days, which left us worried. The bank clerks would 
ignore repeated requests from my old mother, to check the system if the 
clearance had come through. Finally, they found out that the entry clerk 
had keyed in a different account number, which caused the amount to go into 
a different account. They did apologize for the mistake, and reverted the 
remittance to our account. The amount involved in the wrong transaction was 
probably a small one from the bank's viewpoint, but people with average 
incomes will certainly panic when such things happen to them. The bank in 
question is "STATE BANK OF MYSORE". I am in the process of closing the 
account there, and changing to a reliable one. Would someone kindly advise 
me what is the most secure way to make remittances, and which is a reliable 
bank in India?.

Thank you.

16th June 1999      Ishita Sukhadwala @vsnl.com

dhl have a fund transfer sub-division... can't recollect the name... i have
found that to be the fastest and most efficient way of getting money to
india... u will have to check if they have an office where ur mum stays...
is

16th June 1999      nkg @del2.vsnl.net.in

It is better if you have an account in a Public Ltd. Bank or a foreign bank.
Not only there service is good but they always respond to your calls. One of
the very good banks is The Vysya Bank Ltd.

Regards,


Naresh