The RBI has issued circulars to warn the public against various scams. Be careful of any letters, email, SMS, etc. you may get that offer you prize money, foreign currency, etc. If you get such an offer, please do not accept it and inform the police or suitable authorities right away.

Here are the main scams you need to avoid.

• Fictitious Offers of Funds Transfer
  Recently, fraudsters have started running scams where they request people to give them money for processing fees, transaction charges, conversion fees, etc. in order to transfer to them prize money, award money, etc. They open multiple bank accounts to receive such payments. Please do not fall prey to such scams.
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• Remittance towards participation in lottery schemes
  The RBI advises members of the public not to participate in any lottery schemes, money circulation schemes or similar programmes promising rewards in foreign currency in exchange for small fees. These are most likely scams, and in any case remittance in any form towards participation in such schemes is prohibited.
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• Fictitious Offers of Remitting Cheap Funds from Abroad
  These types of scams are the work of fraudulent foreign entities and individuals, sometimes even Indians representing them. The fraudsters in this case offer huge amounts of money from abroad to businessmen and establishments like hospitals and schools, using the excuse of helping their business venture in India.
  
  After this offer, the fraudsters request bank account details and an initial payment which they say is a processing fee, commission, etc. Some of these fictitious offers go as far as using fake letters and certificates with RBI signatures and markings.
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• Complain to the Police or Cyber Crime Authorities about Fictitious Offers from Abroad
  The RBI urges members of the public to take serious action if they are approached with promises of funds from abroad.
  
  Do not hesitate to register a complaint immediately with your local police or cyber crime authorities.
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• The RBI Never Asks for your Bank Details
  The RBI would like to remind the public that it would never ask for the bank account details or any money from them. Some fraudsters use fake letters and certificates with RBI signatures and markings.
  
  There has even been a scam email requesting bank account details to protect against online phishing. Such emails are not from any legitimate authority and one should never share such details for any purpose with unfamiliar individuals or agencies.
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