Rbi Warning News Today

Reserve Bank of India has issued some new guidelines to spread awareness on KYC frauds. KYC frauds claim one of the largest number of victims across the country, with people losing lakhs. All mobile operators including Airtel, Vodafone-Idea and Reliance Jio too have warned users against KYC fraud. RBI recently issued new dos and don’ts on banking KYC fraud.

RBI warns public about misleading loan waiver offers on social media platforms like Facebook and Instagram; cautions against falling prey to misleadin

Following this, the central bank warned that RBI does not deal in such matters and never asks for such fees or commission from anyone.