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Financial Frauds including calls to actually defraud.

 GM

Financial Frauds including calls to actually defraud.
Requesting all concerned.
1. The telecom dept Cannot close your account
2. The electricity dept does not send a sms saying they are disconnecting your connection
3. ⁠if some caller says your son or daughter is in dire need of financial help have the presence of mind to disconnect. Tell your children to be always accessible on phones and have them compulsorily give you alternative numbers to be contacted in an emergency. Do not transfer money to unknown people.
4. ⁠No insurance company rings up to say take back your premium plus a hefty mark up.
5. ⁠Do not click on any link if they entice you that the Govt or someone is giving extra pension or money, nobody does this. Thy publish notices or send formal communications. Or check with fellow retiree’s.
6. ⁠No insurance product can assure fantastic returns. Period.
7. ⁠Nobody can guarantee returns from the stock market. Do not transfer money to any such person, even your relatives or people recommended by them.
8. ⁠invest in mutual funds and stocks directly, open s DMAT Account at the Bank. Simple.
9. ⁠Do not keep selling and buying securities because a well mannered sweet talking guy or lady tells you. You do when you want to as per your judgement. This applies to Fixed Deposits too.
10. Do not trust any colleague or person who requests you to invest with him. Invest after due deliberation but preferably pay for advise and invest on your own.
A resident of our sector just recently lost a considerable amount to a fake call. A huge amount. Plus there have been other incidents. Hence out of concern I am posting this.
As a person who retired from the top management of a major financial institution, I can only say and request safeguard yourself. Kindly be alert.
Dinesh K Kapila
President
RWA

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