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Fake RBI Fund / Compensation Offer Scam

In short

A message promises a large sum, remittance, compensation or fund allegedly connected to RBI or another public authority The objective is typically to collect repeated advance fees before disappearing.

What it is

Official-looking letters, websites or named officials are used to make the offer appear legitimate. The victim is then pushed to pay processing, tax, clearance, conversion or transaction fees to release the supposed funds.

How it starts

A message promises a large sum, remittance, compensation or fund allegedly connected to RBI or another public authority.

What they tell you

Official-looking letters, websites or named officials are used to make the offer appear legitimate

What they want you to do

Pay processing, tax, clearance, conversion or transaction fees to release the supposed funds

How you lose money

collect repeated advance fees before disappearing

What happens next

After the first successful step, the fraudster may demand more money/information, deepen account or device access, or disappear.

Warning signs

authority | greed | urgency | trust | forged documents | fake website | impersonation

Where this is documented

India — officially documented by an Indian authority/regulator

How to avoid it

Verify the claim using the agency's official website or published helpline; do not transfer money or share OTP/PIN because of an unsolicited threat.

If it already happened

Contact the bank/payment provider immediately if money moved; report financial cyber fraud promptly via 1930 and cybercrime.gov.in; preserve messages, transaction IDs, phone numbers and URLs.

Known variants

  • RBI Compensation Release-Fee VariantAn official-looking communication promises compensation/funds and then asks for release fees.

Sources

Published documents this page draws on.

Already sent money or shared something?

What to do now

Fake RBI Fund / Compensation Offer Scam — Scam types