Let's bank on SMSes, says RBI
Published: Nov 09, 2017
By TIOLCORPLAWS News Service
MUMBAI, NOV 09, 2017: THE Reserve Bank of India (RBI) is going to launch a public awareness campaign through SMSes to educate the members of the public about various banking regulations and facilities available to them.To begin with, the RBI will send messages cautioning the people against falling prey to unsolicited and fictitious offers received through emails or SMSes or phone calls. The caution messages will be sent from 'RBISAY' sender id. RBI has been alerting members of the public against such offers through press releases issued from time to time. This is the first time it will use the media (SMS and emails) as those used by the fraudsters. Members of public can give a missed call to 8691960000 to get more information through Interactive Voice Response System (IVRS) on fake calls or emails as well as investing wisely and cautiously in chit funds.