Corporation Bank — emi

Ease the burden of emis during the lockdown period, the reserve bank of india (Rbi) has announced a three-month moratorium on all types of payments, loans, and credit cards bills between march 31 and may 31. With any new scheme that is being launched, it is quite natural for customers to talk about it with bank representatives. Now, this is where fraudsters see an opportunity to dupe gullible customers of their savings. Major banks in india including hdfc bank, icici bank, sbi and others are warning citizens about this new scam. Here is how the emi moratorium scam happens and how you can prevent yourself.