Frequent FD opening and closures

[financewizard]

I have a friend who is working in a bank and he frequently asks me to put some FDs (with his employee code) and close it in 2-3 days for him to achieve his targets.

The amount is usually like 10k per FD 2-3 times a month. So month on month I am opening FDs worth 30k in different tranches and closing it in 2-3 days of opening.

Now I am concerned as I am not sure on how bank and IT department will look at these transactions in a longer run..

Can any banking experts let me know on the "threshold" after which the banks monitor / take action ?? Or are these transactions fine as I just book and close FDs from my savings account. - need some clarity.

 

[Vasuki]

I have a friend who is working in a bank and he frequently asks me to put some FDs (with his employee code) and close it in 2-3 days for him to achieve his targets.

The amount is usually like 10k per FD 2-3 times a month. So month on month I am opening FDs worth 30k in different branches and closing it in 2-3 days of opening.

Now I am concerned as I am not sure on how bank and IT department will look at these transactions in a longer run..

Can any banking experts let me know on the "threshold" after which the banks monitor / take action ?? Or are these transactions fine as I just book and close FDs from my savings account. - need some clarity.

I did 4.5 lakh fd yesterday via rm 🥸 .will close in 7 days .
Chill
Intrest earned is reported not . Closing & opening.

 

[prash1161]

I did 4.5 lakh fd yesterday via rm 🥸 .will close in 7 days .
Chill
Intrest earned is reported not . Closing & opening.

Rm ladki hai na

 

[financewizard]

I did 4.5 lakh fd yesterday via rm 🥸 .will close in 7 days .
Chill
Intrest earned is reported not . Closing & opening.

The amount really doesn't matter as commoners might open FD and will be forced to close it due to some emergency. I really don't think that doing that once or twice will make any difference even if the amount is quite big. But in my case I am regularly doing this game and it is the frequency that concerns me. 🤪

Like in the past 6 months I have opened and closed ~30 FDs. 😁

 

[Tejo]

The amount really doesn't matter as commoners might open FD and will be forced to close it due to some emergency. I really don't think that doing that once or twice will make any difference even if the amount is quite big. But in my case I am regularly doing this game and it is the frequency that concerns me. 🤪

Like in the past 6 months I have opened and closed ~30 FDs. 😁

Agar pre-withdrawal nhi hai tho safe

 

[FinoGuy]

This is not real friend. This is friend with benefits (for him)

 

[FinoGuy]

Girl-friend or Boy-friend?

 

[FinoGuy]

Rm ladki hai na

Makes sense . Impression matters than 4.5L FD🤣

 

[financewizard]

Girl-friend or Boy-friend?

From being a best friend he is changing into a "Pest" friend. 🤣 - bugging every now and then for FDs.

 

[HumorSimpson]

Now bankers have become worse than Amway.

 

[FinoGuy]

From being a best friend he is changing into a "Pest" friend. 🤣 - bugging every now and then for FDs.

Do some pest control for peaceful life 😎

 

[prash1161]

Makes sense . Impression matters than 4.5L FD🤣

+ + H

 

[prash1161]

Ham log rm ko avoid karte hai
@DocFixIt rm ko Roz call karke bolta fd krlo aap jitna Maan ho

 

[Vasuki]

Rm ladki hai na

Nahi bhai 😅 .
I could have got Ladki rm but i avoided...
He is male XY with two kids

Ham log rm ko avoid karte hai
@DocFixIt rm ko Roz call karke bolta fd krlo aap jitna Maan ho

First time he did for 2 lakh - when i was getting classic

Next i complained hence he got some blessings from BM ( it wasn't his mistake i didn't thought he would have to clarify infront of bM )
So as gesture i did it ..
Not Anymore 🥸

 

[prash1161]

Nahi bhai 😅 .
I could have got Ladki rm but i avoided...
He is male XY with two kids

First time he did for 2 lakh - when i was getting classic

Next i complained hence he got some blessings from BM ( it wasn't his mistake i didn't thought he would have to clarify infront of bM )
So as gesture i did it ..
Not Anymore 🥸

Tho uski wife pe crush?

 

[Vasuki]

Makes sense . Impression matters than 4.5L FD🤣

Impressions do matter 🙂.
But she wasn't girl 🥸.
But impressed a girl in hdfc by sharing how to get 750-400 free from their own bank dc 😂

 

[Vasuki]

Tho uski wife pe crush?

Bhai , why do i even think that..
I m happy with my life 🥸

 

[prash1161]

Bhai , why do i even think that..
I m happy with my life 🥸

Pura joke ki aisi taisi kardi

 

[Vasuki]

Pura joke ki aisi taisi kardi

I have gf can't take that jokes.. would have been good if it was few months before 🥸.

 

[prash1161]

I have gf can't take that jokes.. would have been good if it was few months before 🥸.

Can I get her number?