No, Reserve Bank of India does not issue Credit Cards

            A small selected Indians have received credit cards stating that the same were issued by Reserve Bank of India.

            The gullible people were advised to withdraw money up to a certain limit, naturally a small amount. Once the amount was withdrawn, the fraudster encouraged the respective gullible victim to deposit a large amount into the said bank account.

            And, after that, the credit card would stop working and also be the last time the victim would hear from the fraudster.

            Yes, the large amount of money deposited by the victim would be gobbled up by the fraudster.

            To prevent such future frauds, Reserve Bank of India on November 21, 2014 issued one more alert to the public about the newest form of fraud perpetrated in its name.

            The alert is in continuation of earlier alerts issued by Reserve Bank of India, on the various modus operandi adopted by fraudsters to dupe Indians of their hard earned money.

            The first such alert was issued way back December 2007.