RBI Alert: The Reserve Bank of India (RBI) has asked people to be cautious about the offers available on the purchase and sale of old coins and notes.
RBI Alert: The Reserve Bank of India (RBI) has cautioned people about the offers available in the market and online in connection with the purchase / sale of old banknotes and coins. RBI has officially informed that some people are misusing the name and logo of Reserve Bank of India (RBI Logo) by cheating and adopting the wrong idea. Along with this, they are demanding fees, commission and tax from the public on transactions related to the purchase and sale of old bank notes and coins through online platforms and markets.
The Reserve Bank of India has made it clear that, ‘It does not interfere in any such matter and does not charge fees and commission in such matters’. (buying selling of old notes and coins) The Reserve Bank of India has warned the public that, ‘It has made any entity, company and person to collect fees and commission on the purchase and sale of old bank notes and coins on its behalf. have also not been authorized.
Selling notes and coins is being misused
RBI further said that, ‘RBI has advised the public to be alert in its statement. (Fraud Selling of old Notes and Coins) Said that beware of such fraudulent offers, which are charging you money unfairly by using the name of Reserve Bank of India.
RBI cautions the public not to fall prey to fictitious offers of buying/ selling of Old Banknotes and Coinshttps://t.co/y0e9KfSb0G
— ReserveBankOfIndia (@RBI) August 4, 2021
RBI says that those who buy old notes and coins should pay attention !
>> The Reserve Bank said that by seeing the people (RBI Logo), do not get trapped, it is being misused.
>> Reserve Bank does not charge you any commission, charge or tax.
>> No one is authorized for commission, charges.
>> Warned that the public should beware of those who make such proposals.
>> Fraud business of old notes and coins on many online platforms.
>> A huge amount is demanded in exchange for old coins and notes.
