I’d like to bring to the notice of the RBI and other Banking Regulatory and authorities on the loopholes in the banking system of credit card payment processing. I have HDFC Bank Savings Account as well as HDFC Bank Credit Card.

I paid my HDFC Bank Credit Card Bill on the 19th from my savings account and the same has been debited on that day but credited to Credit Card account only on the 20th. So for 1 day who utilized the money ? The following screenshot shows money debited from my savings account on the 19th.

While the Credit to my Credit Card Account has happened on the 20th. See Screenshot below with all the fields – Cheque Number, etc

The Harshad Mehta Scam also happened the same way as for 15 Days the Banking Bonds Money was with the broker who pumped the stock prices. So where is this money going ?