RBI warns against fake debt waiver certificates and fee scams
NewsBytes | May 4, 2026 10:39 PM CST
RBI urges reporting, advises consulting banks
The RBI makes it clear: all such offers are fake, and those behind them can face legal action.
If you get approached with these claims, don't fall for them: talk to your bank or lender instead.
The RBI is also encouraging everyone to report these scams to the appropriate law enforcement agencies, warning that falling for them could lead to financial loss and instability.
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