Customers need to be cautious against fraudulent schemes: RBI
By Vaibhav Aggarwal
May 19, 2014
Print    Email    RSS   

In order to protect the customers from the falling in to the deceit plans, Reserve bank of India has strictly instructed the banks to aware the customers. RBI has asked the banks to continuously display messages at the websites, branches and ATMs regarding the fraudulent scheme promising of cheaper funds from abroad.

Further banks are also asked to include a column on reason/ purpose for payment in pay-in slips so that officials could advise customers not to transfer money to fraudsters. RBI has reported that it has noticed a series of fake offers through the e-mails, SMS, and mobile phones.

Scammers are cheating the innocent people through the fraud schemes under the various names such as, processing fees/ transaction fees/ tax clearance charges/ conversion charges, clearing fees, etc. So RBI is asking people to be cautious and instructed the banks to spread the awareness regarding this. RBI is trying to spread maximum awareness through Media and awareness campaigns.

(Comments Posted : 0) Post Your Comments
Show All Comments
 Select a product:

 Select a product:

How far can new banking licenses be banked...
Carnival of Indian Personal Finance Blogs #2
Pros and Cons of Personal loans
An analysis of alternatives to personal loans
Personal loans in India: Features and...

What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive