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The Biggest Loophole of 2024 Turned into a Nightmare for One

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TechnoFino said:
So... other people were also exploiting the loophole left and right. Cool.

Aur yaha maine ek br fastag recharge try kara nahi hua. 😐
Luck bhi hona chaiye.

Sir juganta is like Mr. Z of this story 🫡
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I knew later on about this accidently

Paid one Utility bill on 10th Nov, failed so used another card and Paid

Later at end of the month, received call from utility company that they have some issue with my payment - although they mentioned it failed, so i checked their portal payment history and it was credited twice, so I was shock like, galti se 2 bar bhar diya kya, checked all cards and found payment was deducted once only, and website (un named) was also showing 2 successful payment, but it seems they asked Utility to reverse, and as they cant directly reverse, taken my concern saying they cant directly reverse payment if it was successful, and I told them to do that

Ab soch rha hu, agar pata hota to me bhi subscription, mobile recharge sab kar leta
 
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D₹V said:
Mission: Impossible - Fallout

Mission: Impossible – Dead Reckoning

Mission: Impossible – The Final Reckoning

🤣🤣🤣
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you alive ?
Eddie Murphy What GIF by Laff
 
@TechnoFino - From my legal experience, and given the situation explained in detail above, I do not think Mr. X, Mr. Y or Mr. Z can defend themselves by saying that the loopholes are 'not technically illegal' if any of the banks /payment platform are to pursue any legal recourse against them. In legal terms, it is the intention (Mens Rea) which is determining factor and all 3 of them are failing that test. There will be enough provisions under the terms and conditions of debit card, credit card, payment platform and Indian laws to go after any of the 3 individuals, if those banks / platform want to.

I believe people should be wary of attempting to exploit similar loopholes in the future as they may end up on the wrong side (whether financially or legally).

Woh kehte hain na galti ek baar hoti hai baar baar nahin!
 
Even those recharges will be charged at later dates when merchant disputes charges with bank. Only way to avoid immediate deduction would be to cancel those Debit Cards or Bank Accounts.

Even after that Bank can still send letters to you for recovery of funds from you.
 
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bhanvadia said:
Even those recharges will be charged at later dates when merchant disputes charges with bank. Only way to avoid immediate deduction would be to cancel those Debit Cards or Bank Accounts.

Even after that Bank can still send letters to you for recovery of funds from you.
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That SIM card will be revoked
 
bhavik886151 said:
Every thing is fine but how the credit card is active while every month spend is 4-5 lakh on all cards
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his cc limit might be in tens of lakhs, so not 100% usage maybe? And even if it was 100% every month, that's perfectly fine with the banks as long as it's being repaid. His CIBIL will take a hit though, but that can bounce back.
 
If this accidentally happens to someone due to some glitch on any BBPS platform, and we have proof (screenshots of statement, outstanding etc.) that technically on due date everything was clear, and its reversed in the future, will that be enough to atleast to get any charges waived?

(hadn't paid the amount again since no BBPS platform would allow, and banked showed outstanding in negative)
 
an0nym0us said:
If this accidentally happens to someone due to some glitch on any BBPS platform, and we have proof (screenshots of statement, outstanding etc.) that technically on due date everything was clear, and its reversed in the future, will that be enough to atleast to get any charges waived?

(hadn't paid the amount again since no BBPS platform would allow, and banked showed outstanding in negative)
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No, technically the money was never paid. A glitch can happen but as a lawyer above commented, if the user knew about this loophole and was exploiting it, he is liable to pay charges. If the user didn't know(or can prove he didn't) then he can avoid but it will be a long legal battle. And in our country the process is the punishment, so not worth the hassle.
 
rutgersbach said:
No, technically the money was never paid. A glitch can happen but as a lawyer above commented, if the user knew about this loophole and was exploiting it, he is liable to pay charges. If the user didn't know(or can prove he didn't) then he can avoid but it will be a long legal battle. And in our country the process is the punishment, so not worth the hassle.
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Yeah, happened here randomly where portal just said failed, but it paid (have history of paying via that regularly). Was unable to pay then as outstanding had been cleared by that glitch, did keep proof incase there were issues. Will try to just IMPS it to the card anyway now.
 
rutgersbach said:
No, technically the money was never paid. A glitch can happen but as a lawyer above commented, if the user knew about this loophole and was exploiting it, he is liable to pay charges. If the user didn't know(or can prove he didn't) then he can avoid but it will be a long legal battle. And in our country the process is the punishment, so not worth the hassle.
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You need to show that you had to pay dues on credit card with the exact amount available in your bank account when you initiated the transaction.

If then transaction fails, for once or twice failed transactions you can play ignorance.

If you didn't have any fund in your bank account and you were making payment towards cc outstanding repeatedly to defraud knowingly, you are guilty of both Mens Rea and Actus Reus.
 
Aniket said:
Read from here

Juganta

Post in thread 'Credit Bill Payment Via BBPS can be reversed'

My HDFC bill pay txn failed via BBPS but credited to HDFC Card and now i cannot pay more than outstanding amount.
What should i do?

Another:
Tonymathew

Thread 'Situation: Bill payment got reverted back, and got fined for late transaction'

November 9: Paid 34471 to HDFC card from sbiunipay using idfc select dc. Received message nextvday morning. "Dear HDFC cardmember, 34471 credited to your cc ending with xxxxxx". However, I had not recieved. However, I did not recieve message from idfc about debit.

November 12: Due date

November 20: Recieved message : 'Payment of amount 34471 was reverted back. Kindly pay urgently". Checked the statement, the amount that was recieved was reverted. Went to unipay, the transaction was showing failed. Checked idfc account statement, no debit even occured.

Nov 20: Paid the bill again

Nov...
  • Haha
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It is a shame on the outset itself, when some stranger labels your plight an exploitation of any loophole, when I myself was not aware of the loophole. His shower was so irking on the original post itself and now labelling me a chor, as per his wish. I believe OP has some genuine issues, or some horrible past experiences, and wish him early cure.
 
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