Mass Fraudulent Transactions Reported by Axis Bank Credit Card Holders

[TechnoFino]

First of all, if you have an Axis Bank credit card, immediately disable your international transactions. Many Axis Bank credit card holders have reported fraudulent transactions on their credit cards today without the need for OTP. Numerous people have posted about such incidents on X (formerly known as Twitter).




So what does this mean for you?

=> If you have an Axis Bank credit card, open your Axis Mobile app, navigate to credit card transaction settings, and promptly disable your international transactions.

=> If you have an Axis Bank credit card and a fraudulent transaction has already occurred on your credit card, contact Axis Bank and file a transaction dispute. Please don’t panic, the RBI already has guidelines regarding such fraudulent transactions. If you report such a fraudulent transaction within 3 days of the incident, you’ll have zero liability, meaning you won’t have to pay.

=> And if you don't have any Axis Bank credit card, then congratulations, you are safe, and you have done a great job staying away from a bank like Axis.

Axis Bank didn’t post anything about this or send any warning communication to their customers. I think without a data breach from Axis Bank or its partner side, such mass fraudulent transactions are not possible. I hope the RBI will investigate this issue with utmost importance.

 

[Vasuki]

And if you don't have any Axis Bank credit card, then congratulations, you are safe, and you have done a great job staying away from a bank like Axis

Deavulation ka anger aaj nikal gya guys 🤣

Supreme commander is angry

 

[sousnake]

Har dusre din axis neend uda deta hai
Close hi krna padega sab kuch - account and cards
Jitne problem axis deta utna 10 bank mila ke bhi nhi dete

 

[MusicalMind]

As an ex- employee of axis, I always expected this will happen due to their work culture

 

[reach2dpg]

Devaluation ka badla foreigners log le raha hai. On serious note I have locked my card completely. Kya pata kab India wale bhi jag jaye.

 

[Zacobite]

Devaluation ka badla foreigners log le raha hai. On serious note I have locked my card completely. Kya pata kab India wale bhi jag jaye.

citibank wale bhi kar lo.. kya pata udhar kuch ho jaye with axis blessings

 

[Farhad sekh]

As an ex- employee of axis, I always expected this will happen due to their work culture

Can you share a little more about your experience?

 

[MusicalMind]

Can you share a little more about your experience?

I joined axis bank through their manipal program at the time of joining they offered me operations job, but after paying the 2nd semester fee HR forcefully signed two papers that I need to do sales and don't post any negative reviews about the bank. After the class room training I got posted in the branch as BRO instead of their corporate office as wholesale operations manager. They forced me to sit at the office till 11 pm everyday, daily abuses for sales targets, ask me to work on holidays. No work life balance total fraud

 

[rojajimmy]

Can you share a little more about your experience?

Spill the tea.

 

[Vasuki]

manipal program

Mba right ?

 

[MusicalMind]

Mba right ?

PG Diploma in Banking

 

[Zacobite]

I joined axis bank through their manipal program at the time of joining they offered me operations job, but after paying the 2nd semester fee HR forcefully signed two papers that I need to do sales and don't post any negative reviews about the bank. After the class room training I got posted in the branch as BRO instead of their corporate office as wholesale operations manager. They forced me to sit at the office till 11 pm everyday, daily abuses for sales targets, ask me to work on holidays. No work life balance total fraud

all banks are the same.. sell to survive.. so misselling, cheating, lies and high churn is a way of life.. survive today is the mantra.. i personally don't take ANY service from banks except basic banking. Every relationship is new.. loan new from anyone, cc from anyone, insurance from company directly, mfs directly... banks ONLY for basic salary, neft, fds and locker. all swipes by CC so no use of my DC also... . no expectations no disappointment... Our expectations are v high and unreal.. i. haven't visited a bank or spoken to an RM in years.. you don't need to..

 

[MusicalMind]

all banks are the same.. sell to survive.. so misselling, cheating, lies and high churn is a way of life.. survive today is the mantra.. i personally don't take ANY service from banks except basic banking. Every relationship is new.. loan new from anyone, cc from anyone, insurance from company directly, mfs directly... banks ONLY for basic salary, neft, fds and locker.. no expectations no disappointment... Our expectations are v high and unreal

Yeah, but axis doing bait and switch to hire people. They want people who passed out from reputed institutions with good grades to do sales, so they advertise wholesale operations job and switch after training.

 

[Zacobite]

Yeah, but axis doing bait and switch to hire people. They want people who passed out from reputed institutions with good grades to do sales, so they advertise wholesale operations job and switch after training.

yeah.. but sales is where the revenue is.. so maximum pressure and. maximum attrition is. there.. reputation of college and ability to sell not necessarily same.. no one wants to do sales nowadays as it is a tough job..

 

[Sleepyk]

Shocking. Have temp locked both my cards for all transactions pending further information into the breach.

 

[yaswanth458]

One of my axis cc had international transactions active, axis locked it from their end.

No fraud transactions occurred till now.

 

[lightwaves]

all banks are the same.. sell to survive.. so misselling, cheating, lies and high churn is a way of life.. survive today is the mantra.. i personally don't take ANY service from banks except basic banking. Every relationship is new.. loan new from anyone, cc from anyone, insurance from company directly, mfs directly... banks ONLY for basic salary, neft, fds and locker. all swipes by CC so no use of my DC also... . no expectations no disappointment... Our expectations are v high and unreal.. i. haven't visited a bank or spoken to an RM in years.. you don't need to..

L e g e n d

 

[lightwaves]

I joined axis bank through their manipal program at the time of joining they offered me operations job, but after paying the 2nd semester fee HR forcefully signed two papers that I need to do sales and don't post any negative reviews about the bank. After the class room training I got posted in the branch as BRO instead of their corporate office as wholesale operations manager. They forced me to sit at the office till 11 pm everyday, daily abuses for sales targets, ask me to work on holidays. No work life balance total fraud

Not surprised!! I always expected something was fishy at Axis

 

[lightwaves]

Yeah, but axis doing bait and switch to hire people. They want people who passed out from reputed institutions with good grades to do sales, so they advertise wholesale operations job and switch after training.

This is Axis’s novel method of hiring talented people at reasonable or lower cost. Basically they are into cost cutting.

 

[Grogu]

It's not Axis, even other banks are affected by this breach.

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