The Reserve Bank has issued a tweet on its official Twitter handle saying that some elements are wrongly using the name and logo of Reserve Bank of India and asking people to sell old banknotes and coins through various online, offline platforms. Fees/commissions or taxes are being demanded.
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The central bank has warned that RBI does not deal in such matters and never asks for such fees or commission from anyone. The Reserve Bank advises the general public not to fall prey to such fraudulent and fraudulent offers.
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RBI has said that it has not given any authority to any entity, company or individual etc. to charge any fee or commission on behalf of the Reserve Bank on such transactions.
Demat account may be closed after March 31
If you have bought or sold shares or invested in equity funds and have not done KYC of your demat account yet, then do it soon or else your account may be closed. Market regulator SEBI has given time till March 31 for this. Otherwise, you will not be able to invest in the stock market.