Shocking: Credit Card scam busted in India; RBI issues alert for Indians

New Delhi, Nov 23: Reserve Bank of India issued a special statement for Indians to save people from falling in the trap of a new fraudsters. An unidentified group has been looting people of the country by offering them Credit cards.

The group issued statement saying that Credit cards are issued by the Reserve Bank of India (RBI)! The central bank was shocked to find out the scam in which hapless people have been duped by the fraudsters.

In its emergency notice, the RBI on Friday, Nov 21 stated, "The gullible member of the public is sent a credit card which allows withdrawal of money up to a certain limit, albeit a small sum, from a bank account."

The central bank also added, "Having gained the confidence of the victim thus, the fraudster gets him to deposit a huge sum of money in the same bank account. Once the money is deposited, the card stops working and that would also be the last time the holder of the card (victim) would hear from the fraudster."

The bank also asserted that India's central bank does not carry out any business with an individual, whether through savings bank account, current bank account, credit card, debit card, online banking services or receiving and holding funds in foreign exchange or any other form of banking services.

People across the country have been asked to be cautious about such fictitious offers being made in name of International Monetary Fund (IMF), income tax authorities, customs authorities or public figures like Governor, Dr Raghuram Rajan or other senior RBI officials.

OneIndia News