#FactCheck-RBI's Alleged Guidelines on Ink Colour for Cheque Writing
Executive Summary:
A viral message is circulating claiming the Reserve Bank of India (RBI) has banned the use of black ink for writing cheques. This information is incorrect. The RBI has not issued any such directive, and cheques written in black ink remain valid and acceptable.
Claim:
The Reserve Bank of India (RBI) has issued new guidelines prohibiting using black ink for writing cheques. As per the claimed directive, cheques must now be written exclusively in blue or green ink.
Fact Check:
Upon thorough verification, it has been confirmed that the claim regarding the Reserve Bank of India (RBI) issuing a directive banning the use of black ink for writing cheques is entirely false. No such notification, guideline, or instruction has been released by the RBI in this regard. Cheques written in black ink remain valid, and the public is advised to disregard such unverified messages and rely only on official communications for accurate information.
As stated by the Press Information Bureau (PIB), this claim is false The Reserve Bank of India has not prescribed specific ink colors to be used for writing cheques. There is a mention of the color of ink to be used in point number 8, which discusses the care customers should take while writing cheques.
Conclusion:
The claim that the Reserve Bank of India has banned the use of black ink for writing cheques is completely false. No such directive, rule, or guideline has been issued by the RBI. Cheques written in black ink are valid and acceptable. The RBI has not prescribed any specific ink color for writing cheques, and the public is advised to disregard unverified messages. While general precautions for filling out cheques are mentioned in RBI advisories, there is no restriction on the color of the ink. Always refer to official sources for accurate information.
- Claim: The new RBI ink guidelines are mandatory from a specified date.
- Claimed On: Social Media
- Fact Check: False and Misleading
Related Blogs
Executive Summary:
A video gone viral on Facebook claims Union Finance Minister Nirmala Sitharaman endorsed the government’s new investment project. The video has been widely shared. However, our research indicates that the video has been AI altered and is being used to spread misinformation.
Claim:
The claim in this video suggests that Finance Minister Nirmala Sitharaman is endorsing an automotive system that promises daily earnings of ₹15,00,000 with an initial investment of ₹21,000.
Fact Check:
To check the genuineness of the claim, we used the keyword search for “Nirmala Sitharaman investment program” but we haven’t found any investment related scheme. We observed that the lip movements appeared unnatural and did not align perfectly with the speech, leading us to suspect that the video may have been AI-manipulated.
When we reverse searched the video which led us to this DD News live-stream of Sitharaman’s press conference after presenting the Union Budget on February 1, 2025. Sitharaman never mentioned any investment or trading platform during the press conference, showing that the viral video was digitally altered. Technical analysis using Hive moderator further found that the viral clip is Manipulated by voice cloning.
Conclusion:
The viral video on social media shows Union Finance Minister Nirmala Sitharaman endorsing the government’s new investment project as completely voice cloned, manipulated and false. This highlights the risk of online manipulation, making it crucial to verify news with credible sources before sharing it. With the growing risk of AI-generated misinformation, promoting media literacy is essential in the fight against false information.
- Claim: Fake video falsely claims FM Nirmala Sitharaman endorsed an investment scheme.
- Claimed On: Social Media
- Fact Check: False and Misleading
Introduction
The whole world is shifting towards a cashless economy, with innovative payment transaction systems such as UPI payments, card payments, etc. These payment systems require processing, storage, and movement of millions of cardholders data which is crucial for any successful transaction.
And therefore to maintain the credibility of this payment ecosystem, security or secure movement and processing of cardholders data becomes paramount. Entities involved in a payment ecosystem are responsible for the security of cardholders data. Security is also important because if breaches happen in cardholders data it would amount to financial loss. Fraudsters are attempting smart ways to leverage any kind of security loopholes in the payment system.
So these entities which are involved in the payment ecosystem need to maintain some security standards set by one council of network providers in the payment industry popularly known as the Payment Card Industry Security Standard Council.
Overview of what is PCI and PCI DSS Compliance
Earlier every network providers in the payment industry have their own set of security standards but later they all together i.e., Visa, Mastercard, American Express, Discover, and JCB constituted an independent body to come up with comprehensive security standards like PCI DSS, PA DSS, PCI-PTS, etc. And these network providers ensure the enforcement of the security standards by putting conditions on services being provided to the merchant or acquirer bank.
In other words, PCI DSS particularly is the global standard that provides a baseline of technical and operational requirements designed to protect account data. PCI DSS is a security standard specially designed for merchants and service providers in the payment ecosystem to protect the cardholders data against any fraud or theft.
It applies to all the entities including third-party vendors which are involved in processing storing and transmitting cardholders data. In organization, even all CDE (Card Holder Data Environment) including system components or network component that stores and process cardholders data, has to comply with all the requirements of PCI compliance. Recently PCI has released a new version of PCI DSS v4.0 a few months ago with certain changes from the previous version after three years of the review cycle.
12 Requirements of PCI DSS
This is the most important part of PCI DSS as following these requirements can make any organization to some extent PCI compliant. So what are these requirements:
- Installing firewalls or maintaining security controls in the networks
- Use strong password in order to secure the CDE( Card holders data environment)
- Protection of cardholder data
- Encrypting the cardholder data during transmission over an open and public network.
- Timely detection and protection of the cardholders data environment from any malicious activity or software.
- Regular updating the software thereby maintaining a secure system.
- Rule of business need to know should apply to access the cardholders data
- Identification and authentication of the user are important to access the system components.
- Physical access to cardholders data should be restricted.
- Monitoring or screening of system components to know the malicious activity internally in real-time.
- Regular auditing of security control and finding any vulnerabilities available in the systems.
- Make policies and programs accordingly in order to support information security.
How organization can become PCI compliant
- Scope: First step is to determine all the system components or networks storing and processing cardholders data i.e., Cardholders Data Environment.
- Assess: Then test whether these systems or networks are complying with all the requirements of PCI DSS COMPLIANCE.
- Report: Documenting all the assessment through self assessment questionnaire by answering following questions like whether the requirements are met or not? Whether the requirements are met with customized approach.
- Attest: Then the next step is to complete the attestation process available on the website of PCI SSC.
- Submit: Then organization can submit all the documents including reports and other supporting documents if it is requested by other entities such as payment brands, merchant or acquirer.
- Remediate: Then the organisation should take remedial action for the requirements which are not in place on the system components or networks.
Conclusion
One of the most important issues facing those involved in the digital payment ecosystem is cybersecurity. The likelihood of being exposed to cybersecurity hazards including online fraud, information theft, and virus assaults is rising as more and more users prefer using digital payments.
And thus complying and adopting with these security standards is the need of the hour. And moreover RBI has also mandated all the regulated entities ( NBFCs Banks etc) under one recent notification to comply with these standards.
Executive Summary:
The internet has become a hub for fraudsters, and a new fraudulent scheme has been circulating, stating a free 84-day recharge of ₹719 given by the Honourable Prime Minister Narendra Modi in celebration of the BJP Government formation in 2024. This is yet another scam that uses tricks to lure the users, for instance by fake questionnaires, fake promises and the use of the Honourable Prime Minister Narendra Modi’s image to give a fake impression of legitimacy. The following blog post analyzes the scam and offers recommendations on how to recognize similar frauds and avoid them.
False Claim:
A viral link trending on various social media platforms states that Narendra Modi, the Honourable Prime Minister of India, is giving a free 84-day free recharge worth ₹719 to all users in India and this is an Election Bonus in celebration of the BJP government formation in 2024. The claim insists the users are required to click on the link (https://offerraj.in/Congress2024-Recharge/id=9jMiaeN1) and complete a questionnaire to get the offer.
The Deceptive Scheme:
- Mobile-Only Access: The malicious link (https://offerraj.in/Congress2024-Recharge/id=9jMiaeN1) is designed to open only on mobile devices; this makes it easier for more people to be affected.
- Multiple Redirects: After clicking the link, the users are led through a sequence of other links in order to conceal the actual source of the deception, and probably a try of making it difficult to track the notorious activity.
- Fake Comments & Images: First, the landing page contains a banner with the photo of India’s Honourable Prime-Minister Narendra Modi which gives the site’s visitors the impression of the official source. Also, fake comments can be made for the same reason, stating that the author has received a free recharge and supporting the so-called initiative.
- Fake Prize Notifications: For instance, after responding to the questions in the questionnaire, users may be presented with messages such as ‘Congratulations, you have won a free recharge’; this further creates an impression of a genuine offer.
- Social Sharing Requirement: To collect the so-called ‘prize’, the users are requested to share the link in the WhatsApp or other social networks, thus contributing to the spread of the scam.
Analyzing the Fraudulent Campaign:
- No Official Announcement: The internet and other social platforms are the only places where such an offer has been mentioned, and there is no official announcement from the Government or any other authorized body.
- Multiple Redirects: After clicking the link, users are taken through multiple redirects to obfuscating the source of the deception and to trace the malicious activity.
- Suspicious Domain and Hosting: The campaign is hosted on a third-party domain (offerraj.in) instead of any official government website, raising suspicion about its authenticity.
- Personal Data Collection: The questionnaire prompts users to provide personal information, which legitimate Government initiatives would not typically request through unofficial channels.
- Insecure HTTP Link: The link provided is an insecure HTTP link, whereas legitimate government websites employ secure HTTPS encryption.
Domain Analysis:
The actual url is hosted on a third party domain instead of the official website of the BJP or any Government website. This is the common way to deceive users into falling for a Phishing scam. Whois information reveals that the domain has been registered recently i.e on 28-03-2023 and the domain is registered with godaddy.com and state is from Rajasthan, India. Cybercriminals used Cloudflare technology to mask the actual IP address of the fraudulent website.
- Domain Name: offerraj.in
- Registry Domain ID: D9483D0EB38264263958C9609D2DCEA70-IN
- Registrar WHOIS Server:
- Registrar URL: www.godaddy.com
- Updated Date: 2024-05-03T07:30:03Z
- Creation Date: 2023-03-28T04:33:12Z
- Registry Expiry Date: 2026-03-28T04:33:12Z
- Registrar: GoDaddy.com, LLC
- Registrar IANA ID: 146
- Registrant State/Province: Rajasthan
- Registrant Country: IN
- Name Server: johnathan.ns.cloudflare.com
- Name Server: braelyn.ns.cloudflare.com
Similar offer surfing with different links: Several similar kind of offers through various links such as https://offerintro.com/BJP2024-Recharge/id=QYntPBDU, https://mahaloot2.xyz, https://mahaloot3.xyz, https://pmoffer4.online, are available in the social media. All these links are analysed and validated to be malicious or phishing links.
CyberPeace Advisory and Best Practices:
- Stay Informed: Be aware of potential scams and rely on official government channels for verified information.
- Verify Website Security: Do not click on links that have the ‘http’ at the beginning and focus on sites that have encryption (‘https’).
- Protect Personal Information: Be careful when there is any request to send some type of personal information, especially if it is done through informal companies.
- Report Suspicious Activity: When you notice that you have been scammed or a certain activity is fraudulent, ensure to report the incidents to the necessary authorities and the platforms to prevent others from being scammed.
Conclusion:
The claim of 84 day free recharge worth ₹719 to all users in India as an “Election Bonus” is false and similar kinds of various links are consistently surfing through the internet. The deceptive practices employed in these kinds of links are insecure and it has multiple redirects to false promises which highlights the need for heightened awareness and caution among internet users. In this digital world, it is important to stay informed, verify the authenticity of resources to protect personal information. Individuals can safeguard themselves against such fraudulent schemes and contribute to a safer online environment.
