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I received a text message from the government stating that I was yet to pay my taxes, but I knew that I’d already done so. Turns out it was a scam so I deleted the message.

An international transaction of a little less than INR 3,00,000 was being undertaken using my credit card. Since in internation transactions (at least some of them), there is no OTP that comes, I would ordinarily not have realised it. Thanks to the HDFC monitoring team who reached out to me in real time for verification of whether I was undertaking the transaction and upon my denial stopping the transaction from occurring. Since that day, I keep my international transactions off and only activate it when I am either undertaking one or travelling to another country.

Increasingly, people are creating fake WhatsApp / Telegram groups and are posting fraudulent messages by impersonating private equity funds and, or, its partner(s) and/or holding themselves out as affiliated to such private equity fund. These messages state that an official of the private equity fund will share daily market information and trading tactics and promise monetary bonus upon joining the group or state that the private equity fund is seeking individual investors. Lot of people end up investing into fake groups and lose money.