For the exclusive use of members of the club only. Comments, Suggestions and Articles from Members are welcome. Please send your contribution by E-Mail to email@example.com
In case you would like to have more information or desire to join the club, please contact Shri V.V.Ramani Ph: 9665044002 or Dr.Sadanand Paranjpe Ph: 9637906985
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 Reserve Bank of India (RBI) on Friday issued one more alert to the public about the newest form of fraud perpetrated in its name — a credit card issued by fraudsters in the name of the RBI.
Explaining the modus operandi, the RBI stated that 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.
"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," said the RBI.
So let us be careful and also spread the message