Excess debits from a/cs reversed: Kotak

Excess debits from a/cs reversed: Kotak
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“A PSU bank has claimed wrong amounts in the settlement file for card transactions done at merchant establishments managed by the PSU bank’s POS. This has resulted in excess debit from customers’ bank accounts on 8th March. All such excess debits have already been reversed”, Rohit Rao, Chief Communication Officer, Kotak Mahindra Group said without naming the bank.
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Kotak Mahindra Bank said that wrongful claims by a public sector bank on debit cards used on its point of sale (PoS) terminals has resulted in excess debits on its customer accounts.

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