Precisa detects and flags following activities as potentially fraudulent or indicative of poor creditworthiness:
- ATM withdrawals above ₹20,000 – This section includes following details about each transaction: Bank Account, Txn date, Particulars, Counterparty, Amount, Balance
- Suspicious eStatements – if any PDF eStatement files fail mathematical, data format or other file level authenticity checks, indicating potential file tampering, it’ll be flagged here. Following details about the violating files will be displayed in this section: Bank Account, File name, Authenticity status
- RTGS txns below ₹2,00,000 – RTGS transactions below the limit set by RBI will be flagged in this section. This section includes following details about each transaction: Bank Account, Txn date, Particulars, Counterparty, Amount, Balance
- Cheque deposits on bank holidays – This section includes following details about each transaction: Bank Account, Txn date, Particulars, Counterparty, Amount, Balance
- More cash deposits vs salary – Months during which cash deposits from other sources exceeded salary deposits. This section includes following details: Bank Account, Month, Cash deposit txn count, Cash deposit txn amount, Salary deposit txn count, Salary deposit txn amount, Comments
- Round figure tax payments – Tax payments are usually not in rounded values. If any tax payment found in multiples of 100, then it comes under suspicious tax payments. This section includes following details about each transaction: Bank Account, Txn date, Particulars, Counterparty, Amount, Balance
- Equal debits & credits – Months in which debit txns count/amount match exactly with credit txns count/amount. This section contains following details: Bank Account, Month, Credit txn count, Credit amount, Debit txn count, Credit amount
- Negative computed balance – Debit transactions that resulted in negative account balance in Savings & Current Account. Following details about each transaction are displayed here: Bank Account, Txn date, Particulars, Counterparty, Amount, Balance
- Balance vs Computed balance mismatch – Transactions where statement balance & computed balance don’t match. This section contains following details about each transaction: Bank Account, Txn date, Particulars, Counterparty, Amount, Balance, Computed balance
- Immediate big debit after Salary credit – this means 50% or more of the Salary was withdrawn immediately. This could be an indication of poor spending habits or an existing high value loan, and therefore needs further investigation. Following details are displayed: Bank Account, Month, Salary credit amount, Debit amount, % Salary that was debited, Counterparty to whom the amount was paid
- Salary credit amount remains unchanged over extended period – if salary has remained unchanged for 13 months or more, it will be highlighted here. Following details are displayed: Bank Account, Period for which salary has remained unchanged, Salary received from, Salary amount, Number of salary credit transactions during the period
- Parties present in both debits and credits – this could be an indication of rotation of money. Following details are displayed: Bank Account, Counterparty name, Month, Amount debited to the counterparty, Debited amount as % of overall debits in that month, Amount credited to the counterparty, Credited amount as % of overall credits in that month, Count of debit & credit transactions with the counterparty during the month
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