1. Cautions against social media rumours on note ban

Cautions against social media rumours on note ban

The Reserve Bank of India (RBI) on Thursday cautioned banks and the public against guidelines purported to be issued by RBI being circulated in the social media.

By: | Mumbai | Published: December 2, 2016 6:19 AM
“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 central bank said.  (Reuters) “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 central bank said. (Reuters)

The Reserve Bank of India (RBI) on Thursday cautioned banks and the public against guidelines purported to be issued by RBI being circulated in the social media.

“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 central bank said.

It was in response to a document being circulated on WhatsApp which spoke of the RBI restricting the deposit of demonetised R500 and R1,000 notes in bank accounts.

“In the wake of withdrawal of legal tender character from the Specified Bank Notes (SBNs), the Reserve Bank of India has, from time to time, been issuing instructions to the banks which are sent directly to banks through an official mail,” it said, adding that the circulars are also placed on its website.

“The banks and members of the public are advised that they should not rely on other unsecured/ unofficial channels like social media in which the authenticity of the documents circulated is questionable and not verifiable,” it said.

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