Question 1

What is the "Currency Exchange Black Market Shortchange" scam in Goa?

Accepted Answer

Unlicensed money changers operating near Panaji's Church Square, Mapusa market, and the main beach entrances in North Goa offer exchange rates slightly above bank rates to attract tourists. Once the deal is agreed, the exchanger counts the notes quickly, palms some bills, and hands over a short bundle. Counting in bright sunlight or on a moving scooter makes verification difficult. Use only RBI-licensed exchange counters or bank exchange desks. Always count every note yourself before leaving the counter, in good light, at a fixed location. Reject any deal offered on the street or through a tout, regardless of how favorable the rate appears.

Question 2

What is the "ATM Skimming on Beach Road Anjuna and Calangute" scam in Goa?

Accepted Answer

Card skimming devices are periodically installed on standalone ATMs along the beach road strips in Anjuna, Calangute, and Baga, targeting the high volume of cash-carrying tourists during the November to February peak season. Victims discover unauthorized withdrawals days or weeks after returning home. The machines appear functional and legitimate but have a thin overlay on the card reader and a pinhole camera above the keypad. Use ATMs attached to bank branches rather than standalone machines on beach roads. Cover the keypad with your hand when entering your PIN. Check your card slot for any loose or mismatched overlay before inserting your card. Notify your bank immediately if you notice any suspicious transactions.

Money & ATM Scams in Goa

Currency Exchange Black Market Shortchange

ATM Skimming on Beach Road Anjuna and Calangute

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