Have you heard these instructions from RBI? If you ignore them, you can get into big trouble, take 5 minutes and read them
The Reserve Bank of India (RBI) has warned people against fraudulent activities in its name. The central bank asked people not to share their account login details, OTP, or KYC documents with unknown persons.
The Reserve Bank of India (RBI) has warned people against fraudulent activities in its name. The central bank asked people not to share their account login details, OTP, or KYC documents with unknown persons. RBI recently said in a statement that it has come to its notice that some elements involved in the mess are using various methods to deceive the public by using its name.
The RBI has also listed various methods adopted by fraudsters. Fraudsters use fake letterheads and fake email addresses of RBI, pretend to be employees of the central bank, and lure people with fake offers like winning lotteries, money transfers, foreign remittances, and government schemes. The targeted victims are charged money in the form of currency processing fees, and transfer/remittance/processing charges.
The central bank said that another trick that has come to our notice is that fraudsters approach small/medium businesses impersonating government/RBI officials and ask them to pay 'security deposits' under the guise of government contracts or schemes by promising lucrative payments.
RBI said that fraudsters also adopt intimidation tactics, wherein victims are contacted through IVR calls, SMS, and emails. They pretend to be RBI officials and threaten to freeze/block/deactivate the bank accounts of the recipients and persuade or force them to share certain personal details or install certain unauthorized/unverified applications using the link provided in the communication.
RBI said that it has come across some websites and apps, which include entities like unauthorized digital lending apps and other alleged financial service providers. The central bank advised the public to report suspicious communications to law enforcement agencies.
