RBI cautions against fake notifications, instructions on social media

Mumbai: In wake of several notifications and instructions circulated in the name of Reserve Bank of India (RBI) on social media by some unscruplous elements post November 8 demonetisation move, the Central Bank has issued a notice on its website advising people to remain cautious.

"It has been reported that certain guidelines/instructions purported to be issued by the Reserve Bank are being circulated in the social media by some unscrupulous elements creating confusion in the minds of the public/bank personnel," the Reserve Bank of India said in a notice posted on its website. 

"In the wake of withdrawal of legal tender character from the Specified Bank Notes (SBNs), the RBI has, from time to time, been issuing instructions to the banks which are sent directly to banks through an official mail. These are also placed on the Reserve Bank`s official website (https://www.rbi.org.in)," it said.

"Banks and members of the public are, therefore, cautioned to be guided by only those instructions which are either uploaded on the Reserve Bank`s official website or received through the Reserve Bank`s official mail," it added. 

The RBI advised the banks and members of the public not to rely on other unsecured/unofficial channels like social media in which the authenticity of the documents circulated is questionable and not verifiable.

With IANS Inputs