RBI does not distribute 4 crores to its beneficiaries; Fake Notification Goes Viral – FactCrescendo

RBI’s Chief Managing Director clarified that the notification is fake and was not issued by RBI.

A viral circular in the name of RBI is circulating widely on social media with the claim that this notification was issued in the name of Reserve Bank of India claims to offer ₹4 crore 59 lakhs to the beneficiary. The notification is an official notice of payment of compensation.

He states that RBI customers claimed ₹4 crore 59 lakhs as lottery funds by RBI and UK government. In addition, the notification requests personal information upon submission, the amount of which will be credited to the recipients’ bank accounts. The contract type is categorized as Lottery/Legacy/Undelivered Lottery Funds.

Our readers tagged us on social media and forwarded this viral notification to our FactLine WhatsApp number (9049053770) to verify its veracity.

Fact check-

We began our investigation by running a keyword search for relevant news stories on Google. However, we did not find any news reports reporting RBI announcing a lottery amount for its beneficiaries.

We visited RBI website for the same notification, but could not find the same or similar notification.

Next, Fact Crescendo contacted Yogesh K Dayal, who is the chief managing director of the Reserve Bank of India. He told us “The virus notification is a fake document. The RBI did not publish this notification. RBI does not issue any lottery funds or inheritance funds to their beneficiaries. Fraudsters trying to lure/hook gullible social media users created this notification. RBI never makes calls or sends emails to collect personal information”

GDP Fact Check also posted a clarification on social media stating that “this is a bogus notification issued in the name of Reserve Bank of India claims to offer ₹4 crore 59 lakhs to the beneficiary”.

Conclusion-

Fact Crescendo found the viral claim to be Fake. RBI has not issued any notification claiming to offer ₹59 lakhs 4 crore to beneficiaries. The virus notification is that the traffic is fake. RBI’s Chief Managing Director called the notification fake.

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Title:RBI does not distribute 4 crores to its beneficiaries; Fake notification goes viral

Fact check by: Drabanti Ghosh

Results: Fake

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