Man loses Rs 6 lakh trying to save on annual credit card charges

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Credit Card Annual Charges: Rajesh Rathwa, a pharmacist living in Gujarat’s Vadodara city, wanted to save Rs 500 as annual credit card charges. But, the cyber fraudster gang defrauded lakhs of rupees. The victim now has a loan of more than Rs 6.20 lakh. For which he never applied.

Complaint lodged in police station

Rajesh Rathwa has lodged a complaint against unknown persons at Taluka Police Station. Rathwa had received a call from Axis Bank some time back for a credit card. He accepted the offer and the card was sent through courier to his home. But, Rathwa did not activate the card as its annual fee was Rs 500. On April 15, he received a call from a person who called himself Saurabh Sharma and described himself as an employee of Axis Bank.

By sharing bank details…

The caller asked Rathwa why he had not activated his credit card. Rathwa told him that he did not do so, as the annual fee of Rs 500 was too high. The caller told Rathwa that he could activate the card for free. For this he took some details from Rathwa and also asked for Gmail verification. Rathwa told the caller that if this card is activated for free, he will use it. As soon as he shared the card and bank details, around Rs 6.20 lakh was deposited in his account in three instalments. He was surprised and inquired about the fraud caller. He said, the money may have been deposited due to some banking error.

Police engaged in investigation

The fraudster told Rathwa that he would cancel the loan and within a few hours, Rs 4.89 lakh was debited from his account and the next day Rs 1.32 lakh was debited. The thug called Rathwa and told him that his loan had been canceled and a No Objection Certificate (NOC) regarding the cancellation would be emailed to him. But, when Rathwa opened the bank’s app, a pending EMI of Rs 10,000 appeared in the credit card menu. Only then did he realize that he might have been cheated. When he went to the bank on April 17, he came to know that a loan has been taken on his card and it has not been cancelled. Police say that they are trying to trace the bank account in which the money was transferred from Rathwa’s bank account. Also, the investigation will focus on the bank as the fraudster was aware of Rathwa’s credit card and it was not active.

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