Old coins/notes scheme : The public has been warned by the Reserve Bank of India (RBI) not to fall for offers to buy or sell outdated banknotes and coins.
The Reserve Bank of India’s name and logo are being misused by some parties, the top bank said on its official Twitter account. Under Old coins/notes scheme , RBI also urged individuals to sell their unwanted coins and banknotes on various online and offline marketplaces. Taxes, commissions, and other fees are being taken in.
The RBI has warned that it does not deal in such products and never requests fees or commissions of this nature from anyone. The Reserve Bank issues a warning to the general public urging them not to fall for such false and misleading claims.
The bank has not authorised any firm, person, or business to impose a fee or commission on such transactions on its behalf.
After March 31, Demat account may be closed
If you have purchased or sold shares, or invested in equity funds, but have not finished the KYC process on your demat account, do so right away to avoid having your account closed.
The market regulator, SEBI, has extended this deadline until March 31. If not, you won’t be able to make stock market investments.
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