R There are several triggers on the basis of which an application is suspected and picked as fraud sample.
R Once an application is picked as a fraud sample, it is stamped and is photocopied for further processing.
R The photocopies are then brought to the agency. and the further processing begin.
R Among the very first actions done is the visitation / verifications’ stage. Visitation is entirely based on the nature of the sample case.
R As far as possible we try to conduct the verification / visitations in discreet manner.
R Verification / visitation carried out for certain fraud triggers and samples picked:
R After the visitations / verification / document verification/ is (are) over we prepare a report on our findings and submit the same to the Bank along with a recommendation on the application.
R For the entire process we are given a Turn Around Time from the date of picking up the sample.
R The report formats have been decided and provided by the bank and reports are made over the same.
R Besides the verifications that we conduct, we submit regular MIS to the bank in respect of the activities carried by us for it.
R After the report for the sampling is submitted to the bank the bank decides the cases that are to be sent for further investigations.