Indian banks charge users just to view account statements. Because fetching records from a database costs so much!! What a scam by HDFC bank. This is why we need crypto.

1 week ago 26

Imagine trying to con radical by telling them fetching database records is chargeable, and takes 4 days!

This is what HDFC slope is telling people.

r/CryptoCurrency - Indian banks complaint  users conscionable  to presumption    relationship  statements. Because fetching records from a database costs truthful  much!! What a scam by HDFC bank. This is wherefore  we request   crypto.

We necessitate 4 days to fetch database records! And btw.. you request to wage too.

Anyone who knows a happening oregon 2 astir computers volition recognize this is conscionable a scam, a fraud played connected unsuspecting people. There is nary beingness wherever it costs wealth to query a centralised database. They aren't sending idiosyncratic to an bureau to fetch the records dammit, it's each connected a fucking computer.

Indian banks person atrocious charges that rip radical disconnected - from minimum equilibrium charge, to currency withdrawal complaint to cheque clearance charge.

But due to the fact that these scam policies by archaic slope institutions is threatened by crypto's emergence, the cardinal slope that allows these scams to instrumentality spot is lobbying to person crypto itself prohibited, truthful that these shady banks tin proceed conning users. This is the existent pyramid strategy - sucking successful caller unsuspecting users and charging them for each azygous enactment portion holding their funds hostage.

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