Echoing warning messages from other financial institutions, Reserve Bank of India Governor Raghuram Rajan cautioned against fictitious e-mails in his or the RBI's name, demanding money and asked the public not to fall victim to such frauds.
"Let me emphasize that Reserve Bank never sends out e-mails asking for payments. We have about $360 billion worth of foreign exchange reserves and we also have about Rs.8 lakh crore of government bonds. We really don't need your money," Rajan said here at the launch of the Unified Payments Interface (UPI) system, which will permit users to perform instant push and pull transactions.
"So, if you get an e-mail from me saying you won a competition or a lottery and I am going to send you Rs.50 lakh but please send Rs.20,000 as transaction cost, just junk that e-mail. We do not send out money and we don't also ask for your money," he added.
Rajan was referring to instances of people getting fake e-mails in the name of the RBI or its governor, promising high returns or of winning lotteries. The fraudsters initially ask potential victims to deposit an amount in a specified bank account as processing or transaction fees.
From India, Ahmadabad
34"Let me emphasize that Reserve Bank never sends out e-mails asking for payments. We have about $360 billion worth of foreign exchange reserves and we also have about Rs.8 lakh crore of government bonds. We really don't need your money," Rajan said here at the launch of the Unified Payments Interface (UPI) system, which will permit users to perform instant push and pull transactions.
"So, if you get an e-mail from me saying you won a competition or a lottery and I am going to send you Rs.50 lakh but please send Rs.20,000 as transaction cost, just junk that e-mail. We do not send out money and we don't also ask for your money," he added.
Rajan was referring to instances of people getting fake e-mails in the name of the RBI or its governor, promising high returns or of winning lotteries. The fraudsters initially ask potential victims to deposit an amount in a specified bank account as processing or transaction fees.
From India, Ahmadabad
There are no free meals.
How can you expect to get Rs50 lakhs from a lottery which you have not participated?
Any such mail with transaction charges should con operators.d be deleted.
So is the case with job offers and asking for advance to buy air tickets.
Most of the users are now knowledgeable and will not fall for such easy tricks,but still the minority who fall for such tricks f
The least you can do is not to be one such person who finances such con operators.
From India, Pune
How can you expect to get Rs50 lakhs from a lottery which you have not participated?
Any such mail with transaction charges should con operators.d be deleted.
So is the case with job offers and asking for advance to buy air tickets.
Most of the users are now knowledgeable and will not fall for such easy tricks,but still the minority who fall for such tricks f
The least you can do is not to be one such person who finances such con operators.
From India, Pune
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RBI .zip
Good info on economics by RBI.pdf