Mumbai: The Reserve Bank of India (RBI) has warned the public from falling prey to offer purchases or sales of old banks and bank coins.
In a statement, the central bank said that elements of the elements of the cheat elements used the name and logo of the Bank of India’s reserve, and seek allegations, commissions and taxes From the public, in transactions related to buying and selling banknotes and old coins through various online and offline platforms.
“It is clarified that the Reserve Bank of India does not deal with things like that and never look for any fees / commissions.
Reserves of Bank of India also do not allow institutions / companies / people etc.
to collect costs / commissions for the money in such transactions , “he said.
The RBI has advised public members to remain cautious and not fall prey to elements using their names to extract money through fictitious and fraudulent offers.