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Anand Yadav

Beware: Fake mails with the name of RBI

October 16, 2012
13
Estimated reading time: 2 minutes

Fraudsters have gone one step ahead and started circulating e-mails that resemble the Reserve Bank of India’s (RBI) official letters. These emails appear to come from Mr. D. Subbarao, the Governor of RBI. Such con letters appear to come from the Funds Remittance Department of RBI and they tell the recipient that he/she has been “listed as a beneficiary in the recent schedule for payment of outstanding debts incurred by the RBI government 2010. To 2012 According to your file, your payment is categorized as: contract type: Lottery/Inheritance/Unpaid Contract Funds/ Undelivered Lottery Fund. Payment file: RBI/ID1033/10. Payment amount: 500,000 USD. (United State Dollars).

The scamsters then tell the victim to deposit 18,500 INR in an account after which (sic) “500,000 USD. (United State Dollars). Will be release to you, as it was committed for (RBI) Governor that Beneficiary will have to pay crediting fees only.” The victims are also asked for their mobile number, address, bank account number and the account holder’s name to deposit the required sum. Once the victim deposits the money in the said account, it can be withdrawn immediately so that fresh demands for a higher sum can be made.

The fake Letter is as follows:

The fraudsters initially ask their potential victims to deposit small sums of money for reasons such as processing fees/transaction fees/tax clearance charges/conversion charges/clearing fees etc. The victims are also asked to deposit the money in a specified account in a bank. The fraudsters often possess multiple accounts in the names of individuals or proprietary concerns in different bank branches to collect such charges.

Once the initial amount is deposited, the demand for more money follows with more seemingly official reasons. Once they have accumulated a sizeable amount in these accounts, the fraudsters withdraw or transfer the money abroad and then vanish, while the victims are left in a lurch.

We advise Quick Heal users to be wary of such phishing threats and fraudulent emails and not fall for such promises of free funds. There have been several such RBI related fraudulent emails in the past, so people should be aware of these tricks by now.

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13 Comments

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  1. Thanks anand
    One more phishy attack scam

    Reply
  2. Vijay SinghOctober 16, 2012 at 3:21 PM

    thanks alot for this info. keep us updating plz !! 🙂

    Reply
  3. Mitesh ChaudharyOctober 16, 2012 at 4:26 PM

    Thanx for your valuable information ANAND YADAV….

    Reply
  4. Thanks for cautioning. I had also received the similar mails, but quits after deleting them without opened.

    Reply
  5. Aniruddha PatankarOctober 16, 2012 at 8:09 PM

    Thanx Sir

    Reply
  6. i am also three RBI lottery sceame

    Reply
  7. B.MothikumarOctober 17, 2012 at 5:13 AM

    Thank you very much for timely alert.

    Reply
  8. Thanks Anand for the valuable information.

    Reply
  9. pranav gawalkarFebruary 5, 2013 at 10:26 AM

    thank u very much anand … they were asking me to 79990rs to claim my prize which had came from uk…. ones again thanks a lot ..

    Reply
  10. Thank you for your valuable information regarding this. I had also received one letter but omitted. Thank you Anand Sir.

    Reply
  11. rajendra babarAugust 11, 2014 at 3:36 PM

    Thank you for your valuable information regarding this. I had also received one letter but omitted. Thank you Anand Sir.

    Reply
  12. Hello Sir,
    I will also received a mail on my mail id but i was read your blog and beware of the RBI mail. So please suggest me what can i do and i will reply the RBI mail or not?
    And please suggest me on my Mail ID.
    Gmail- Rdxlatt0@gmail.com

    Reply