CURRENT AFFAIRS

Detailed explanation-1: -The Reserve Bank of India – India’s central bank-will soon launch a public awareness campaign through SMSes to educate the members of the public about various banking regulations and facilities available to them.

Detailed explanation-2: -Keeping in view the importance of the banking in general and digital banking in particular, Reserve Bank of India (RBI) has started an awareness campaign called RBI Kehta Hai, to educate the public about safe banking and financial practices.

Detailed explanation-3: -The Indian government founded funds to promote the economy and used the slogan “Developing Banking".

Detailed explanation-4: -’ – booklet on frauds. As a public service to the common man always gullible to all types of frauds, the Consumer Education and Protection Department, Reserve Bank of India guided by the office of Ombudsman, Mumbai-II has brought out a book on ‘BE(A)WARE – Be Aware and Beware!

Detailed explanation-5: -RBI does not hold any accounts for individuals. Beware of impersonated names of RBI officials. Nobody from RBI calls up people about lottery winnings/funds received from abroad. RBI does not send any emails intimating award of lottery funds, etc.