The Reserve Bank of India cautioned citizens against any bogus offer to buy or sell old banknotes and coins citing on-going fraudulent activities.
“It has come to the notice of the Reserve Bank of India that certain elements are fraudulently using the name/ logo of RBI seeking charges/ commission/ tax from the public, in transactions related to buying and selling of old banknotes and coins through various online/ offline platforms,” the central bank said in a notification.
“It is clarified that the Reserve Bank of India does not deal in such matters and never seeks charges/ commissions of any sort.” RBI has also not authorised any institution/ firm/ person etc. to collect charges/ commission on its behalf in such transactions.
The central bank advised members of the public to remain cautious and not to fall prey to elements using the name of the Reserve Bank of India to extract money through such fraudulent offers.
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