Don’t fall prey to fraudsters, RBI warns public

New Delhi, Aug 04: The Reserve Bank of India (RBI) has warned the public not to fall prey to fictitious offers of buying, selling of old banknotes and coins.

"It has come to the notice of the Reserve Bank of India that certain elements are fraudulently using the name/ logo of RBI seeking charges/ commission/ tax from the public, in transactions related to buying and selling of old banknotes and coins through various online/ offline platforms," the central bank said in a notification.

"It is clarified that the Reserve Bank of India does not deal in such matters and never seeks charges/ commissions of any sort."

RBI has also not authorised any institution/ firm/ person etc. to collect charges/ commission on its behalf in such transactions.