Reserve Bank of India warns people against fake mails

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Reserve Bank of India warns people against fake mails

Echoing caution messages from different  financial institutions,, reserve bank of india governor raghuram rajan on monday suggested in opposition to fictitious e-mails in his or the RBI’s  call, annoying cash, and asked the public no longer to fall victim to such frauds.

Rajan said in Mumbai at the launch of the Unified Payments Interface (UPI) system that: Let me emphasise 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. 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.

“so, in case you get an e-mail from me saying you won a competition or a lottery and i’m going to send you rs.50 lakh however please ship RS.20,000 as transaction cost, just junk that email. We do not ship out cash and we do not also ask for your money,” he added.

Mr rajan became regarding times of people getting fake e-mails within the call of the RBIor its governor, promising high returns, or of triumphing lotteries. The fraudsters to start with ask ability victims to deposit an quantity in a specified bank account as processing or transaction expenses.