Rbi Notice

Beware of fictitious offers /lottery winnings /cheap funds offers

 

In the recent past many people are falling prey to fictitious offers, lottery winnings and cheap fund offers by fraudsters in foreign currency from abroad. These are perpetrated by certain foreign entities/individuals, including Indian residents acting as representatives of such entities/individuals.

 

Remittance in any form towards participation in lottery schemes is prohibited under the Foreign Exchange Management Act, 1999. Hence customers are advised not to make any remittance towards participation in such schemes or accept offers from unknown entities. Also please do not respond to such emails as they may be a part of fraud and you will not receive any of the promised money.

 

These fictitious offers are generally made through letters/emails/SMS, etc.

 
Related Press Releases/Notifications
Jan 10, 2012 Complain to Local Police/Cyber Crime Authorities against Fictitious Offers of Money from Abroad -- Click Here
April 05, 2011 RBI never asks for Your Bank Account Details -- Click Here
May 28, 2010 Do not fall Prey to fictitious offers of Funds Transfer: RBI Advisory – Click Here
May 26, 2010 Remittance towards participation in lottery, money circulation schemes, other fictitious offers of cheap funds, etc., -- Click Here
July 30, 2009 Beware of Fictitious Offers/Lottery Winnings/Cheap Fund Offers: RBI – Click Here
December 07,2007 RBI cautions Public against Fictitious Offers of Remitting Cheap Funds from Abroad – Click Here

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