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A new kind of scam in town - Fake bank account opening

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deep_

So I came across this app called ‘FM Money’ on a forum. It claims to be a neo bank same as Jupiter and Fi. If you look at their website, FM.money, It says it complies with all RBI guidelines and their banking partner is Yes Bank. It lists Bullet paylater app as their product, which is actually a product of Jupiter.

I tried opening an account and surprisingly a Yes Bank account number got generated, without even a single OTP verification. Added some money thru UPI in it, and it got added. Now account got logged out automatically and after that no OTP comes ever when I try to login. Their support email id is not working as emails sent to thm bounces back. Contacted Yes Bank, they said they don’t have any tieup with such bank.

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How you download the app ?

App is remove from Google Play store.

On website, company mentioned card network partner is Visa but card image logo showing RuPay. 😀

https://cdn0.desidime.com/attachments/photos/758117/medium/8369133home-card.png?1649468927

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abhishek012 wrote:

How you download the app ?

App is remove from Google Play store.

On website, company mentioned card network partner is Visa but card image logo showing RuPay. 😀

https://cdn0.desidime.com/attachments/photos/758117/medium/8369133home-card.png?1649468927

Tap on the download link provided on the website, it directs to Playstore download link. It seems after searching the app isn’t showing up in play store. But the app is available for download.

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deep_ wrote:

Tap on the download link provided on the website, it directs to Playstore download link. It seems after searching the app isn’t showing up in play store. But the app is available for download.

We’re sorry, the requested URL was not found on this server -

https://cdn0.desidime.com/attachments/photos/758118/original/cvhdftgyh.jpg?1649469514

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abhishek012 wrote:

We’re sorry, the requested URL was not found on this server -

https://cdn0.desidime.com/attachments/photos/758118/original/cvhdftgyh.jpg?1649469514

Did you check app is available on Google Play store or not ?

I think app is now remove from Google Play store.

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abhishek012 wrote:



https://cdn0.desidime.com/attachments/photos/758119/medium/Screenshot_2022-04-09-07-29-55-357_com.android.vending.jpg?1649469615Still available. I tried using phone.

Mumbai Indians Mumbai Indians
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The website has been registered on 2022-03-30

Also no social media presence

Also they forgot to edit footer “Amica Investment Advisers Private Limited, is a SEBI registered Investment Adviser – INA000015507.

Simply copied from jupiter

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no such app in the play store

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.e.r.r.o.r. wrote:

The website has been registered on 2022-03-30

Also no social media presence

Also they forgot to edit footer “Amica Investment Advisers Private Limited, is a SEBI registered Investment Adviser – INA000015507.

Simply copied from jupiter

they didn’t forget. 

they are trying to mislead the user.

Chennai Super Kings Chennai Super Kings
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Why would u even open an account on such a website

Deal Cadet Deal Cadet
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Which town

Chennai Super Kings Chennai Super Kings
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this needs to be reported. Let jupiter know about this as well. RBI k kaan 1 mahine baad hi khulenge.

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chota_chattri wrote:

this needs to be reported. Let jupiter know about this as well. RBI k kaan 1 mahine baad hi khulenge.

I reported to jupiter on community lets see
@deep_ since app is removed from playstore can u share apk file after uploading on any file sharing website

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sauravDD wrote:

I reported to jupiter on community lets see
@deep_ since app is removed from playstore can u share apk file after uploading on any file sharing website

Bro, something is happening with Bullet app too. Check their developer name on Playstore. It’s not Jupiter’s parent company anymore.

The thing that I don’t understand is how can this neo bank concept being used for such a scam. They are generating Yes Bank account number and a virtual Rupay Prepaid card as well.

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deep_ wrote:

Bro, something is happening with Bullet app too. Check their developer name on Playstore. It’s not Jupiter’s parent company anymore.

The thing that I don’t understand is how can this neo bank concept being used for such a scam. They are generating Yes Bank account number and a virtual Rupay Prepaid card as well.

Bullet is Removed from Playstore Because they are relaunching it

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sauravDD wrote:

I reported to jupiter on community lets see
@deep_ since app is removed from playstore can u share apk file after uploading on any file sharing website

You’ve won millions of hearts ♥️ god bless you my little cheesecake🥹

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Tanmayyy wrote:

Why would u even open an account on such a website

I had no idea such scam schemes are being manifested. I thought it was legit.  grin

Lost my money as well. Is there a way to recover it? I’ve the account number and IFSC as well that they generated.

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deep_ wrote:

I had no idea such scam schemes are being manifested. I thought it was legit.  grin

Lost my money as well. Is there a way to recover it? I’ve the account number and IFSC as well that they generated.

Try to add Bank account in any UPI app Because if acc is linked with ur number it should show in UPI app

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sauravDD wrote:

Try to add Bank account in any UPI app Because if acc is linked with ur number it should show in UPI app

Tried it. Doesn’t show up.

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deep_ wrote:

Bro, something is happening with Bullet app too. Check their developer name on Playstore. It’s not Jupiter’s parent company anymore.

The thing that I don’t understand is how can this neo bank concept being used for such a scam. They are generating Yes Bank account number and a virtual Rupay Prepaid card as well.

what about aadhar otp for minkyc ?? i don’t think scam company can have that service. did you do it ?
if it didn’t have that then there were so many red flags.

you cannot say that they it wasyes bank account number coz it can be just a random number for prepaid card they could have used original bin number and then any random number generator algo

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vkrmjeet wrote:

what about aadhar otp for minkyc ?? i don’t think scam company can have that service. did you do it ?
if it didn’t have that then there were so many red flags.

you cannot say that they it wasyes bank account number coz it can be just a random number for prepaid card they could have used original bin number and then any random number generator algo

It did do aadhar KYC, took PAN as well. But the one thing that they didn’t do was verifying the number, not evn a single time they verified my number.

I tried to use thier prepaid card issued, otp comes to my number as well.

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deep_ wrote:

I had no idea such scam schemes are being manifested. I thought it was legit.  grin

Lost my money as well. Is there a way to recover it? I’ve the account number and IFSC as well that they generated.

I think you should get your horoscope checked with Astrologer, Why you lost money because of banks only. Last time you made a Upi payment to wrong address

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deep_ wrote:

It did do aadhar KYC, took PAN as well. But the one thing that they didn’t do was verifying the number, not evn a single time they verified my number.

I tried to use thier prepaid card issued, otp comes to my number as well.

if you did aadhar kyc then check your mail id they have full information of the entity where you did kyc you have case and a solid lead if you feel to report it.
try finding name of the person in whose  name account is registered with the help of paytm by sending 1rs.

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SunnyKh wrote:

I think you should get your horoscope checked with Astrologer, Why you lost money because of banks only. Last time you made a Upi payment to wrong address

neutral_face
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vkrmjeet wrote:

if you did aadhar kyc then check your mail id they have full information of the entity where you did kyc you have case and a solid lead if you feel to report it.

Seems aadhar KYC is also involved in this. This time, they didn’t send any email notification about who did the authentication, the entity.

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deep_ wrote:

It did do aadhar KYC, took PAN as well. But the one thing that they didn’t do was verifying the number, not evn a single time they verified my number.

I tried to use thier prepaid card issued, otp comes to my number as well.

dizzy_face dizzy_face if it is a scam it is kind of complex and smart.
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vkrmjeet wrote:
dizzy_face dizzy_face if it is a scam it is kind of complex and smart.

Should I approch Yes Bank with the account number generated, to enquire about whether I’m the account holder or not?

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deep_ wrote:

Seems aadhar KYC is also involved in this. This time, they didn’t send any email notification about who did the authentication, the entity.

nope it is impossible.
They used a script to enter your number somewhere where valid kyc happens and didn’t use otp validation when you entered OTP.

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deep_ wrote:

Should I approch Yes Bank with the account number generated, to enquire about whether I’m the account holder or not?

Send 1 Rs through paytm app using bank account transfer to check account holder name

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