This refers to the report that a woman in Chennai lost Rs. 57 lakh by responding to an SMS that promised a huge prize money. It is astonishing to know that there are such gullible people out there waiting to be duped. Rs 57 lakh is a lot of money. One wonders why she deposited the money in unknown bank accounts over a month.

The lessons to be learnt from the episode are twofold. First, people should be vigilant. Second, banks should not allow their facility to be misused for criminal activities. Only genuine customers should be allowed to open accounts.

Many banks have outsourced their account-opening formalities. Customers operate ATM accounts without visiting their banks even once. This makes it easy for criminals as they have to deal only with agents for opening accounts.

A. Kutub Shamshudin,

Chennai

I remember what my mother taught me when I was a child — that contentment is the greatest wealth. All discerning readers, I am sure, will go beyond the news report and teach their children about the need to remain content.

P.N. Viswanathan,

Chennai

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