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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