Beware Of This Fake Rs 4.59 Crore RBI Compensation Payment Notification: Government

A fake notification issued in the name of the Reserve Bank of India claims to offer Rs 4 crores 59 lakhs to the beneficiary is circulating, beware, warned the Press Information Bureau (PIB), a government agency.

Through its Fact Check Twitter handle, the PIB warned that an RBI official compensation payment notification is doing the rounds, that the RBI does not offer such payments or funds, and that the RBI never calls or sends emails asking for personal information.

The fake notification says that beneficiaries were listed in the recent schedule for payment of Rs 4.59 crores and asks for personal details for that amount to be credited.

See the fake notification below:

Scams involving fake payment SMS and email confirmations and notifications are now commonplace. 

Receiving huge sums of money always triggers excitement and exhilaration; one may momentarily let their guard down. It's a fraud, be careful!

Scammers will establish a fake email using one of the many free email services available online and mask it with a bank's name to make it appear genuine in the case of an email notification. The email address can be nonreply@XXXXbank.co. 

However, only authorised staff members have access to banking email domains. Since the genuine email address is typically concealed behind the sender's visible email address, one must carefully examine the email address.

Nothing is worse than being overly cautious, so always double, triple, and maybe even quadruple check at all times to be safe than to be sorry later.