Regarding access and it's restriction of bank transaction history available to all employees regardless of their position.

[paras.bhalodia]

Hello @SSV @Vasuki @VISHESH_BANSAL !!

Please help of any available methods on restricting access to all bank transaction history, access to FD's, my investment portfolio etc. which is available to not only my RM, but BM, loan, and practically any nitty gritty employee who works at the bank by just knowing my account number.

Account -
@IndusInd Bank - Select Family Program

I AM SPOOKED. I am okay with government using the access to transaction history, maybe even a BM, my RM, higher CS representatives, but literally anyone having your entire savings account history? Contacts, names who have you as beneficiaries. I can't have this as an open book. 🤦🏻

 

[paras.bhalodia]

His concerns are not so unreasonable by the way just because we don't care about it.

However, as u said you will be researching and questioning to escalation matrix, including NO & PNO, RTI, RBI and others.

I suppose you will be not answered properly for this matter atleast from escalation matrix of bank. However, tag me when you get further updates from bank and authorities about your concern.

RTI is the best platform for such things.

 

[Aniket]

RTI is the best platform for such things.

Via RTI you can only get to know no such practice is available. Something similar, answer to your question based on facts.

New system can't be implemented.

 

[suhasa010]

You don't actually want solutions, you want someone to agree with whatever ideas you have

You are pretty much giving counter arguments to every feedback others have shared.

This whole thread is pretty much his rant area.
I stopped giving a f* after 10 replies of his 🥱

Just my two cents (not that he will agree or care):
1. If an employee is misusing your data then there are legal consequences. You can file a case against them.
2. There's something called employee code of conduct, data security training for each employee in any decent bank. Each and everyone should follow it. If not, then they are liable for legal actions.
3. If someone is cross selling you insurance or something based on your savings account transactions there's nothing you can do, you have agreed to the terms and conditions before opening your savings account which entitles the bank to promote their products based on user data.

I don't work in a bank or have the full know-how of how everything works but I'm pretty sure about the corporate workings of any company. So I'm guessing banks will have stricter policies compared to regular corporates.

Maybe I am stupid.

Maybe.

 

[suhasa010]

Take your money out from banks and keep cash in your home. Then no one will be able to track it

Walter White, is that you? 🌚

 

[Aniket]

Walter White, is that you? 🌚

No, he isn't @Walter White 🌚

 

[Aniket]

Maybe.

Two cents: 💀

 

[paras.bhalodia]

Just my two cents (not that he will agree or care):
1. If an employee is misusing your data then there are legal consequences. You can file a case against them.

1) This is not about something as silly as cross selling insurance.
2) You won't be able to know who is leaking your transaction info if you are a victim. You can't file a case against ghosts.
3) This whole thread is not "pretty much his rant area" - It is about securing your right to privacy of your banking transactions while still enabling government, the bank, and other necessary compliances to keep track of your transactions.
4) 2FA is the practical solution. ✅

 

[Dragon_slayer]

Right to Privacy?? Brother this is not United States of America 🤣

Good luck with your rights

 

[paras.bhalodia]

Walter White, is that you? 🌚

Your solution is like the pre-Meta era where "Privacy is a myth".

It's like suggesting why be present on social media if you do not want your messages to be public playground. "Why have a bank account if you don't want your transaction history to be a public property"

SSL - AES, 2FA, End-to-End were technologies created to honor these type of requests.

 

[imdjay]

People understand this as a requirement.

When your RM, BM or a banker calls starts saying - "Sir Aaj kal bahut Amazon me shopping ker rhe ho.. Thora yaha bhi help ker do. Ye naya naya investment aaya hai" 🤣

Hadd to tab ho jaati hai jab wo aapke neighbour ho.

 

[nomad]

How can you be okay to this. @Vasuki @SSV ??

Seriously TechnoF members? Is there NO Option to simply restrict access or have 2FA before access ??????

As explained, whoever wants to access my info, needs my OTP, Access lasts for 5 minutes. ✅ Job done. Problem solved.

And what can our @SSV or @Vasuki do in this regard? They are not RBI governor to take your feedback into account.

As others have already mentioned, you can shift your account to some other Bank (especially the nationalised ones, they won't even bother when things might be beneficial for them).
The situation is same in other countries as well until and unless you are talking to those Swiss Banks kinda institutions whose whole selling point is privacy.

Not even sure if this is a real account or some just creating a gag.

 

[RAMESH BABU N]

@paras.bhalodia

Do you worry - on the same lines - if you know that your valuable details - including historical data - of your

1 mobile numbers
2 browsing data
3 social media data
4 online trxns

is available for download n analysis n targetted sales/marketing ?

Such data - often runs into GBs.

Do you know how much detailed data is being collected - on you - under each of the above category ?

Just have a look at your phone. It has over 100 Apps. Collecting data on you each n every second of your life.

If you start worrying on everything else, your most valuable things - your health n peace - will get seriously damaged.

Till you get rid of ALL these, or till you have alternative n reliable options to control such access, try to avoid thinking n worrying too much about these.

You are in 2024. The future will be much more difficult. Face the reality. Or, lead a nomadic life - devoid of everything electronic or digital.

 

[benkar_hoon]

This whole thread is pretty much his rant area.
I stopped giving a f* after 10 replies of his 🥱

Just my two cents (not that he will agree or care):
1. If an employee is misusing your data then there are legal consequences. You can file a case against them.
2. There's something called employee code of conduct, data security training for each employee in any decent bank. Each and everyone should follow it. If not, then they are liable for legal actions.
3. If someone is cross selling you insurance or something based on your savings account transactions there's nothing you can do, you have agreed to the terms and conditions before opening your savings account which entitles the bank to promote their products based on user data.

I don't work in a bank or have the full know-how of how everything works but I'm pretty sure about the corporate workings of any company. So I'm guessing banks will have stricter policies compared to regular corporates.


Maybe.

Finally a sensible answer by a non - banker 😬