P015 - Lessons learned from 30 years of banking

@heavensweet I have read in the past on reddit about google banning accounts for some activity on related services and removing Gmail access but never experienced it myself or from anyone that I know in real life. Nevertheless I have been using Google business for email with my own domain (costs about 240 per month) for few years without any issues and peace of mind. I can move the email to another provider whenever I want or need to.
 
@alilmoney4frank88 Not the GP, but Google is known to ban accounts for many reasons. You’re not entitled to “customer service” or any appeals if you’re using the ad supported “free” Gmail account. You don’t even get to interact with a real human who would read and respond without copy paste replies. Some action on YouTube or Google Docs or any other Google property could trip some invisible filters and your entire account could be forever gone. The chances of it happening to you are slim, but it has happened to many people. It’s a big risk that can be better handled by spending a hundred rupees or so a month to get real customer service from companies where you’re the customer. For Google, you’re just a product to “sell” (indirectly) to advertisers, who are the real and the biggest customers of Google.

@rudelle-Bus-8822 FYI.
 
@psychmajormom Nowadays most stuff usually works on SMS.

I like OP idea about separate SIMs for bank OTP. Cuts down chances of sim fraud extensively.

Most of us though can add only one additional sim.

Jio phone next.. here we come
 
@resjudicata The income account otp are linked to the missus , expenditure to mine and a seperate one for investments .

In homage to my past it’s a yellow Nokia banana phone which is just charged up every 10 days and kept at home . Works just amazing
 
@rski I wanted to fire up a old expired sim in my dual sim phone but balked at the cost. And virus issues in case my current smart phone was infected.

This is the impetus to pay 2000 for two year plan with jio phone (phone included). Now need to get the nos updated at the bank end which is painful. Mandatory visit ಠ︵ಠ
 
@resjudicata The plan on the Nokia banana comes to 263 a month . But it’s money well spent . Plus I look cool with it , whenever it is out 😎

I doubt anyone worth his salt wants to hack a banana
 
@resjudicata Sms was built for the phone company to communicate cheaply with their customers to inform about network downtime, invoicing and sending business cards around for free.

some people figured out how to send msg to each other cheaply as compared to calling. The Telecom companies realised the missed opportunity, they decided to monetize it.

now in 2021 we have banks using it to send OTP. people use what's app without thinking how a free, end to end service pays for itself.
 
@calico55 Understand technology b4 commenting.

Airtel airheads, jio jokers and voda vampires can intercept your call. With the right equipment your call can be "picked" off the air.

MTNL monkeys(and your nosy neighbour)can listen to your call with a 500 re phone by tapping into the line. Does this mean in your words that phone calls were built to

communicate cheaply with their customers to inform about network downtime, invoicing and sending business cards

SMS are not free for the banks. They buy various "quality". Instant SMS (the EXPRESS sort you get on cash withdrawal b4 you walk out of the ATM/OTP) can cost say 5p but account credited SMS , the Janata version, which you get hours later costs maybe 1p.

Until a decade ago, USA had forbidden export of encryption technology (to certain countries including India). You could not pass on the latest version of PGP to your Indian friend for personal use.

Today WhatsApp and signal encryption is taken for granted but your basic phone does not have the processing power to handle it. Very few people/govts can intercept and decrypt these calls/msgs. Awesome security in the hands of 🥭 people.

Even normal messaging with cell no using Google chat (via net) uses tls encryption (though not end to end). You can enable your SMS app to use it.

In some countries even landlines work on the "net"... VoIP.

Jio fiber has introduced it in India so you can connect you POTS phone to the modem.
 

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