Question 1

What is the "ATM Card Skimming" scam in Mumbai?

Accepted Answer

Card skimming devices fitted to ATM card slots in busy Mumbai tourist and commercial areas capture card data, while a small camera or shoulder-surfer records the PIN. Stolen data is then used to clone cards or make online purchases. The Reserve Bank of India recorded over ₹1,037 crore in ATM fraud losses in FY2024-25, with Mumbai one of the highest-risk cities. Use ATMs located inside bank branches or hotels rather than standalone street machines. Inspect the card slot for any loose or unusual fitting before inserting your card, and shield the keypad with your hand when entering your PIN. Prefer contactless or UPI payments in shops to reduce ATM visits. Enable real-time transaction alerts on your card.

Question 2

What is the "Gem Export Investment Scam" scam in Mumbai?

Accepted Answer

Around the Gateway of India and Colaba Causeway, well-dressed individuals strike up friendly conversations with tourists before explaining a supposedly lucrative gem re-export scheme. They claim Indian gems can be resold in the visitor's home country at massive profit and ask tourists to carry gems or transfer money to a supplier. The gems are worthless glass and any money transferred is lost immediately. Decline all unsolicited business proposals from strangers, regardless of how credible or friendly they seem. No legitimate gem export business recruits customers from the street. If approached, walk away without engaging and report to tourist police if persistent.

Money & ATM Scams in Mumbai

ATM Card Skimming

Gem Export Investment Scam

Experienced a scam here?