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.