What to Do If You Lose Money Through a Ponzi Scheme?

At first, the schemes might appear true and attractive, but as soon as you realise it is a scam, it must be reported.

If you have been cheated by a ponzi scheme, you can follow the measures given below:

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    Raise a complaint to the RBI

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    File an FIR against the Individual or Entity

To raise a complaint with the RBI, follow the steps given below:

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    Visit the RBI complaint management system on their website and click on “file a complaint”: Click here

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    Enter the CAPTCHA for verification

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    Enter your full name and mobile number. An OTP will be sent to your number. Enter the OTP and submit it for verification

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    Enter your email address, and verify through OTP

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    Enter your other personal information asked in the online form

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    Enter the details of your bank asked in the form

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    Answer all the questions about the complaint through the multiple-choice options on the website

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    Enter details of the complaint

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    Upload any relevant documents or supporting files

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    Click on Review and Submit

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    Check the summary of the complaint filed in the summary screen at the end of filling the forms

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    Click on Submit

Track Complaint: You can track the status of the complaint on the RBI website: Click here 

Click on the video link shared below to know how to file a complaint and track it too. This video has been taken from RBI’s YouTube channel

Click on the video to know to file a compliant and track it!

Email Address of Central Receipt and Processing Centre:

[email protected]

Let’s take a look at some popular ponzi schemes in India in the next section.

Continue reading to know about popular ponzi schemes in India

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