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SBI loses ?7 crore as Flipkart users get double refund


Bhagyashree Mulashiya credit to TimesNow 7/7/2018 12:06:36 AM


The State Bank of India suffered a loss of ?7 crore after 39 account holders found out a trick to earn double refund credit after cancelling online orders through Flipkart. The incidents were reported from Gujarat where users got a double refund - once from SBI and again from Flipkart. The anomaly was reportedly caused by a new VISA update.
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