How to avoid bank account freeze

[Aniket]

Even in instant settlement, the next payment be held or the merchant payment companies will ask you about a fraud case.

Mein bhi angrezi mein hi likha tha 😂 👇

This only happens when there is no instant settlement/hold equivalent
amount in next cycle and that too for chargebacks.

If you have a full KYC merchant account, you won't face any issues with such fraud cases.

As I said, I don't want to argue further, that doesn't mean kuch bhi boliyega aap...

Current account wale (Bank's QR) toh full KYC se hote hain na? Unka account freeze huwa hai & hota hai toh...you don't know the power conferred by the laws to these cyber cells/ bureau.

Freeze ka notice bhejke so jate hain layer kyu na secondary (other than 1st) ho... It's total mess & frustrating.

Aaj tak nahi huwa hai hope bhagwan bharose aage bhi na ho 🤞

 

[quino]

Current account wale (Bank's QR)

Bank QR doesn't mean current account. it could be SB as well, which can be with min. KYC.

 

[Abhishek012]

My family is in Admistrative Services and Law enforcement.

Everything you say is correct. but it doesnt matter.

Account freeze is the first thing that law enforcement does. No there is no pratical way to get it unfrozen if you are an innocent citizen. Accounts are bulk frozen per the law enforcement wish. Moreover when the captan sahab asks for some update, and the lower officer has nothing to show, they will freeze accounts just to show something was done. They will deliberately target innocent citizens because that is easy to manage later. Have you ever seen a case of millionaire getting his account frozen? (Unless he is politically targeted)

Merchent gadhe hain, citizens gadhe hain, system bekar hai jisko jo bolna hai bol skta hai.

Baki smart log savdhan rhe satark rahein.

I have my own merchant account and I’m not a millionaire. 🤣🤣

I have already discussed this with IDFC Bank and my payment gateway company.

Both have told me that fraud cases can happen but my bank account won’t be frozen.

Only the amount in question will be frozen if there is a cyber complaint.

Besides, they know that I run a business and have a business account. They have all my details.

 

[Aniket]

Fun fact: Cyber beureau is just normal police with 20 WPM typing speed. True Fact believe me or not.

Har 3 mahine m freeze ki jhadi nikalti hai jab kaptan sahab report magte hain to.

We are not comparing typing speeds. 😂

Unka ek order pe aapka koi sa bhi bank hai freeze kar dega ...freeze ka kya saukh hai pata nahi, bhai lein lagado na, ek toh kis kis layer mein pahuch jata hai

Jab 1st layer mein paisa pada hai usko lein/freeze kar diya toh aage dusre ka karke faltu ke inconvenience mein kyu dalna kya sense hai if a person acted in a good faith, on top of that, wo investigation wagera bhi dhang se nahi karte bas so jate 🤣 you neither get to contact them easily, nor they respond you (exception is always there) & corruption toh hai hi

HC kitna baari mana kar rakha hai ki freeze mat karo unconstitutional ha, bas lien mark karo magar 🤡

 

[dvader]

I have my own merchant account and I’m not a millionaire. 🤣🤣

I have already discussed this with IDFC Bank and my payment gateway company.

Both have told me that fraud cases can happen but my bank account won’t be frozen.

Only the amount in question will be frozen if there is a cyber complaint.

Besides, they know that I run a business and have a business account. They have all my details.

Chicha Lagta hai abi fase ni hai aur na hi fase hamari yhi dua hai. But your statement is between you PG and IDFC. All three have nothing to do with reality.

 

[Aniket]

Bank QR doesn't mean current account. it could be SB as well, which can be with min. KYC.

Mein kaha mention kiya ki harek bank QR wala current account ke sath rehta hai?

I mentioned the nature of account and issuer of the QR for an instance.

 

[dvader]

We are not comparing typing speeds. 😂

Unka ek order pe aapka koi sa bhi bank hai freeze kar dega... freeze ka kya saukh hai pata nahi, bhai lein lagado na, ek toh kis kis layer mein pahuch jata hai

Jab 1st layer mein paisa pada hai usko lein/freeze kar diya toh aage dusre ka karke faltu ke inconvenience mein kyu dalna kya sense hai if a person acted in good faith, on top of that, wo investigation wagera bhi dhang se nahi karte bas so jate 🤣 you neither get to contact them easily, nor they respond you (exception is always there)

HC kitna baari mana kar rakha hai ki freeze mat karo unconstitutional ha, bas lien mark karo magar 🤡

200% shi hai. Aur HC chahe kch bhi bole aaj tak koi landmark judgement ni aya h aur na hi ayega. This is a weapon thay neither the ruling nor the opposition want to loose.

 

[Aniket]

200% shi hai. Aur HC chahe kch bhi bole aaj tak koi landmark judgement ni aya h aur na hi ayega. This is a weapon thay neither the ruling nor the opposition want to loose.

Haan bas ek ke case mahino salo ke baad order aata hai news mein aata hai bas khel khatam, fir dusra murga banta hai firh se wahi, cycle continues

 

[Abhishek012]

You didn't understand: I have clearly mentioned that they put hold in case of chargebacks, countering Abhi bro argument.

Digital fraud/scam sorts of case is different when Cyber Bureau gets involved.

Yeah okay but those who can make a cyber complaint after a UPI transaction can do the same for a card transaction as well.

 

[Solarman]

So there is no way to avoid this

 

[dvader]

Yeah okay but those who can make a cyber complaint after a UPI transaction can do the same for a card transaction as well.

Agree but with CC there is no account and the card network shields its customers (both merchant and end users). Unless the CC itself is stolen (aur stolen p bi cyber walo ki G phatti hai kch krne p)

CC p kch krne k liye kitne papad belne padte h, koi police wala ni touch krta card ko.

aaj tak suna hai cc block hua kisi ka fraud k chalte....bhai bank krne hi nhi dega.

Frank Abagnale (catch me if you can guy, the original not leonardo d'caprio) once said CC is the best financial product to have ever been invented. And India bought everything good with CC down with RuPay CC.

 

[Solarman]

One more question suppose i have savings account in kotak and current account also linked to same customer id if freeze happen in current account then they will also freeze my savings account as it is linked to same customer id ??

 

[Aniket]

One more question suppose i have savings account in kotak and current account also linked to same customer id if freeze happen in current account then they will also freeze my savings account as it is linked to same customer id ??

Karne ko toh kuch bhi kar sakta hai, manmarzi hain un logo ka, lagane ko toh bas lein lagna chahiye na, baad mein firh ladte baitho wala scene

CRN/ CIF level toh nahi magar jis jis (4-5 layer toh aam baat hai) account mein wo paisa gaya most likely uss uss account ko

 

[akiratoriyama]

One more question suppose i have savings account in kotak and current account also linked to same customer id if freeze happen in current account then they will also freeze my savings account as it is linked to same customer id ??

Kotak kuch bhi kar sakti hai bhai. Recently a relatives dad passed away and they went to kotak to close that account. In that process they mistakenly blocked UPI channel on all accounts of relatives family which had same phone number linked as his dad's had. Total 5 accounts had no upi access for a month. They had to escalate to nodal to get it fixed.

 

[JigmeKhesar]

for small merchant we have to get UPI Qr for business if not it affect our sales

maybe, consider using an account that is not your main account and use the multiple settlements option, if available?

move money to your main account as and when you deem it necessary.

this problem isn't just for merchants but anyone who's using UPI. a fraudster does a penny drop transaction to your account thru one of their fraud accounts and you are fucked if there's any complaints and an investigation.

i've had a person walk-in to a branch to deposit cash to an account that was frozen by the police. it was for recruitment to one of the big IT companies. they failed to understand this was a fraud and that they were lucky the account was frozen. this was over a decade ago in Mumbai. it's only gotten worse.

 

[JigmeKhesar]

I have my own merchant account and I’m not a millionaire. 🤣🤣

I have already discussed this with IDFC Bank and my payment gateway company.

Both have told me that fraud cases can happen but my bank account won’t be frozen.

Only the amount in question will be frozen if there is a cyber complaint.

Besides, they know that I run a business and have a business account. They have all my details.

now tell that to the officer of the concerned police department in other part of the country that has put a debit freeze on your account.

 

[Abhishek012]

Agree but with CC there is no account and the card network shields its customers (both merchant and end users). Unless the CC itself is stolen (aur stolen p bi cyber walo ki G phatti hai kch krne p)

CC p kch krne k liye kitne papad belne padte h, koi police wala ni touch krta card ko.

aaj tak suna hai cc block hua kisi ka fraud k chalte....bhai bank krne hi nhi dega.

Frank Abagnale (catch me if you can guy, the original not leonardo d'caprio) once said CC is the best financial product to have ever been invented. And India bought everything good with CC down with RuPay CC.

card network shields jaise UPI network shields bhi hai but yaha fraud case hua hai.

India me almost 50% case aaj bhi card se hote hai.

News me bahut se UPI fraud cases k news, card fraud hote hai but news wale clickbait k chalte UPI likh dete hai.

Kabhi kabhi news padh k pata chal jate hai ki UPI ki itni limit hai he nai ki itne lakhs k transaction fraud ho jaye, woh sab card se fraud hote hai (kabhi kabhi NEFT, IMPS and RTGS se fraud hote hai but news wale UPI ka naam le lete hai).

India me bahut se case register hote hai cyber complaint me card se payment ka. Jisme Banks/card network help nahi krte hai kyunki customers ne khud otp share kiya tha.

Aise bhi card payment day 1 se perfect tha nahi, America me logo k restaurants, clubs etc sab band ho gaye and homeless ho gaye hai, Card network fraud k chalte. 1990s se 2010 k under.

Early days me Americans business owners homeless, bankrupt hue hai card se payment lene k chalte tab ja kar aaj card payment itna perfect hua hai.

Maine kuch saal pahele he padha tha, exact amount yaad nahi but billion dollars k losses hote hai America small businesses ko every year card fraud k chalte. Card network saare paise nahi chukata hai, jiska kuch perfectage losses America small businesses ko jhelna parta hai.

starting me koi bhi chiz perfect nahi hota, time lagte hai bas.

Jaise kuch log debate karte hai ki India ya koi bhi country airplane nahi bana sakta hai America k jaise.

but kya yeh sach hai ? answer - yes or no both.

American and Europeans ne apne jaane diye hai. Lakho American and Europeans Airplane crash me maare hai last 100 years me.

India me kon ready hai apne biwi, bache, parents, relatives ko Indian company k airplane crash me maarwane k liye ?

ready ho phir dekho, India me private companies and Indian govt funds karega Indian company ka airplane banane k liye.

The UPI network is getting involved, ab toh court bhi bolne lage hai, pure bank account freeze maat krna, time lagega but banks and cyberpolice wale bhi samjh jayenge kuch salao me.

Nvidia ka bhi maine news padha tha, pure duniya me bol raha tha Nvidia proudly bol raha tha 50% se jada UPI fraud Nvidia ne kam kar diya hai.

Jisko nahi pata Nvidia ka AI GPUs lage hue hai UPI infra me.

 

[JigmeKhesar]

So there is no way to avoid this

unfortunately, no.

you can check one of my previous comments/replies. use an isolated account for unknown, third-party transactions to try and be be safe.

 

[panchabhut]

There is no way for a merchant to know if someone is making payment out of money obtained via fraud.
Already merchants are blocking UPI-CC due to MDR. If NPCI does not come up with mechanism to protect innocent merchants from such issues, soon merchants will dump UPI itself and go back to pure cash or card.

 

[ritwik2000]

upi supreme commander ko sab pata hai fir bhi govt aur rbi ke sath ye mudda discuss ni krta
or maybe kiya hoga