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The Economic Times
The Economic Times
Sneha Kulkarni

Is RBI asking people to pay Rs 7,500 in tax to get Rs 1 lakh payment? Here’s the truth

A fake letter bearing the name of the Reserve Bank of India (RBI) is misleading people into believing that they must pay a refundable tax to receive a pending payment of Rs 1 lakh. The letter falsely claims that the amount is being held due to a transaction failure and promises to release the money immediately after a payment of Rs 7,500 is made. The Press Information Bureau's (PIB) Fact Check unit has flagged the letter as fake and urged the public not to fall for such scams.

What does the fake letter bearing the RBI’s name claim?

According to the fake letter having the name and the stamp of the RBI and circulating online, the recipient is informed that a payment of Rs 1,00,000 is on hold due to a transaction failure. It then asks the recipient to pay Rs 7,500 as a refundable tax to the RBI, claiming that the payment will be released immediately after the tax is deposited.

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