The Infamous 'All Bank Balance Enquiry' App is creating waves in India

          We Indians like to experiment and also are willing to experiment with our finances. The latest experimental financial APP doing the rounds of What's App, is a self-styled 'All Bank Balance Enquiry' App.

          It has become so famous that Reserve Bank of India has issued an advisory on April 11 2015.

          The highlights of the RBI Advisory are:-

01)  RBI has noticed that that an app (application) is doing rounds on What's App purportedly to facilitate checking of balance in customers' bank accounts.

02) That this APP has an RBI logo with the title 'All Bank Balance Enquiry No’.

03) That this APP has listed several banks with either a mobile number or call centre number.

04) RBI has clarified that it has not developed any such application.

05) Hence, members of public are, therefore, advised to use the application, if at all, at their own risk.

So, go ahead and try the experiment now