The drive comes amid rising instances of fraudsters trying to dupe gullible customers by promising them lucrative financial gains and prize money through e-mails and SMSes, and even through phone calls.
"The Reserve Bank of India India's central bank - will soon launch a public awareness campaign through SMSes to educate members of the public about various banking regulations and facilities available to them," the RBI said.
To begin with, the central bank will send messages cautioning people against falling victim to such unsolicited and fictitious offers. The cautionary messages will be sent from 'RBISAY' sender ID.
"This is the first time it will use the same media (SMS and e-mails) as those used by fraudsters," the RBI statement said.
People can also give a missed call to 8691960000 to get more information through Interactive Voice Response System (IVRS) on fake calls or e-mails as "well as investing wisely and cautiously in chit funds", it added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
