The Reserve Bank of India (RBI) is constantly making decisions regarding currency.The habit of buying and selling old coins and currency notes has increased in recent times.
Many are collecting old notes and antique coins and earning large sums.Some online platforms are occasionally auctioned off by the government.
RBI is announcing a huge bounty for some old notes in these auctions.Many people make a lot of money by selling invalid coins online and offline platforms as they occasionally see the news as if you are out of luck if you have an old note.
However, the RBI has recently issued a statement alerting people who trade in old coins and currency notes.Some cybercriminals use the Central Bank name and logo to sell old banknotes and coins online and offline.
If you are also willing to sell or buy your old coins, it is a good idea to raise awareness on RBI rules in advance.Otherwise, they will fall into the hands of cyber criminals and lose a large amount of money, the RBI tweeted.
In a tweet by the RBI through its official Twitter handle, it came to our notice that the Reserve Bank of India name and logo were being used by some people.Selling invalid old coins and old notes .Charging fees or commissions and taxes from the people.RBI has never been involved in such activities.
No fees or commissions are charged from anyone for such transactions.No company or individual has been given the responsibility of managing these sales.
Be careful in order to buy old coins.If so, the government will notify it by notification if it conducts an e-auction for old coins.
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