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Don’t fall prey to fraudsters, RBI warns public

Google Oneindia News

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.

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"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.

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