Woman loses 4 Lakh rupees to cyber fraudsters posing as bank officials for credit card reward points

Cyber frauds continue to rise across the country as scammers constantly invent new tactics to loot innocent citizens. In a recent incident, fraudsters duped a woman of nearly four lakh rupees by luring her into redeeming her credit card reward points. The accused posed as a bank official, gaining the victim's trust before siphoning off money from her two different bank accounts under the pretext of completing verification procedures.

How the Scam Was Executed

According to the complaint filed by the victim, she received a phone call from an unknown person who claimed to be a bank representative. The caller convinced her that she had accumulated several reward points on her credit card that needed to be redeemed immediately to avoid expiration. Falling for the professional tone and false promises, the woman followed the instructions given over the call. During this process, the fraudsters managed to extract sensitive financial details, resulting in the unauthorized transfer of around four lakh rupees from her accounts.

Police Investigation and Tracking Transactions

The fraud came to light when the woman received transaction alert messages indicating massive withdrawals from her bank accounts. Realizing she had been scammed, she immediately approached the local police station to file a formal complaint. Law enforcement authorities have registered a case and initiated a comprehensive probe. Investigators are currently tracking the beneficiary bank accounts where the siphoned money was transferred and analyzing call records to trace the cyber criminals.

Law enforcement agencies continuously remind the public that banks never ask for confidential details, OTPs, or passwords over phone calls for reward points. Citizens are advised to remain vigilant and avoid entertaining suspicious calls from unknown callers.