Old Note, Old Coin Sell: There are many articles and claims on social media platforms about old notes and old coins selling online. It is claimed that by selling vintage currency anyone can get a lucrative deal. So what has the RBI said about this? Let’s find out.
According to media reports, the Reserve Bank of India says that it has no connection with the auction of old notes or coins. RBI does not do this work. If someone is doing such a thing in the name of RBI, then they should complain about it. If someone wants to sell old notes or coins, then he must read the guidelines of RBI. Online and offline advertisements are circulating a lot nowadays, in which the lure of earning millions of rupees by auctioning old notes or coins is being done.
Many sites are using the name of RBI for this purpose. They act as if they are authorised by the RBI to do this work. When someone approaches them for auctioning old notes or coins, the fraudsters demand money in the form of charges, commission or tax. Many people have lost their money by falling prey to them. So the swindlers demand money in the form of charges, commissions or taxes. Many people have lost their money by falling into their trap.
RBI has appealed to people…
RBI has appealed to people not to eat in the name of Reserve Bank on these fraudulent online platforms. The Reserve Bank of India (RBI) has clarified that no institution, company or individual has been given the right to charge transaction fees by auctioning notes or coins. People should avoid such frauds. If someone demands commission in the name of RBI in lieu of auction of notes, then the common man can also give this information to the cyber cell.