NSE Alert: Tempted to double your earnings? SEBI and NSE warn! Avoid fake apps and scams like this...

Nowadays, everyone wants to see their money grow quickly, especially in the stock market. But beware! Fraudsters can take advantage of this desire and trap you. SEBI, the regulatory body for our country's stock market, and the country's largest stock exchange, NSE, are jointly issuing a strong warning to investors: Beware of scams like "double returns and fake apps," or your years of earnings could disappear in the blink of an eye.

SEBI and NSE have also shared YouTube videos in their native languages ​​to raise awareness, so everyone can understand this danger.

Fake apps, the real threat! How to spot them...

There's a 36-second video on NSE India's YouTube channel that explains how these fake apps look completely real, as if you're using an app from a well-known company. But the danger associated with these fake apps is very real!

How do fraudsters trap you?

The lure of guaranteed and high returns: These people first show you big dreams, promising to double or quadruple your money in a very short time.
Getting you to download fake apps: Once you've fallen into their trap, they ask you to download a fake trading app. These apps are so cleverly designed that it's difficult to distinguish between the real and the fake.

Stealing your information: As soon as you enter your information (such as bank details, trading account logins) on these apps, all your earnings are at risk.

Sebi and NSE's direct advice!
If you're thinking of using any trading app, first ensure it's genuine and trustworthy.

Download apps only from the list of verified apps on SEBI's official investor site. Avoid downloading from any other links or unknown sources.
Remember, there are no "guaranteed returns" in the stock market. If someone is making such a claim, then understand that something is fishy!

The 'Money Doubling' Scam!
These days, many 'investment gurus' and 'stock tips experts' are circulating on social media, claiming to double your money in a single click. In another video, SEBI and NSE have also advised against such scams.

How does this double return scam work?
Sweet words: You may receive messages or calls claiming they have some 'exclusive tips' that will make your money grow rapidly.
Pressure to claim an offer: They will urge you to hastily claim an 'offer' or invest in a specific deal.
Unverified groups: Often, these people create 'stock market' groups on WhatsApp or Telegram and send fake tips there, deceiving people.
One click and your account can be empty: If you fall for their tricks and click on the wrong link or make a payment to the wrong place, your bank account can be emptied.

Easy way to avoid this!

Always consult a SEBI-registered investment advisor. A list of these can be found on the SEBI website.

Do not trust any "tips" from unknown individuals or groups, especially if they claim "guaranteed returns" or "doubling your money."

Always make payments to a verified account or UPI ID. Avoid sending money directly to an unknown number or person.

Why are such scams on the rise?
Earlier this month, during World Investor Week 2025 (October 6-12), SEBI chief Tuhin Kant Pandey made a very important point. He explained that the stock market plays a vital role in our country's progress, and it is our responsibility to keep it transparent and honest.

Digital World, New Threats
Mr. Pandey said that digital technology has made it much easier for us to invest in the stock market.
But by taking advantage of this digital infrastructure, scammers have also found new ways to defraud investors.
Therefore, he advised investors to exercise greater caution.

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.