HDFC Forex has revoked the 5X reward points from users

[Channakya]

HDFC has revoked the 5X reward points from users who transferred funds back from their Forex accounts to their regular accounts

- Don't try to exploit loop holes
- Don't try to manipulate the system
- Don't manufacture spends

When you are in long game - ACCUMULATE FAIRLY!

Credits - X

 

[Shroud]

Kudos to HDFC for taking this step….. This is actually the way to stop abusive users and other banks (kya matlab Axis?) should really watch and try to learn from them….
This trick was widely promoted on X, Reddit and even our own Forum but the genuine users actually got benefitted and abusers got what they deserved….
This makes me more confident to hold on to my Infinia no matter ICICI or any other bank launches their top tier card just to devalue them few months later….

 

[drsel]

6 to 7% loss of real money + all points reversed

 

[bargainHunter]

Lol! HDFC got deposits in prepaid cards much needed for 31 Mar balance sheet. Even though it knew about this for each month - Jan, Feb and Mar, it only acted now. Wicked bank!