RBI launches Sachet portal to check illegal money collection

Aug 5, 2016 08:14 IST

Raghuram RajanThe Reserve Bank of India (RBI) Governor, Raghuram Rajan, on 4 August 2016 launched Sachet portal, sachet.rbi.org.in, to check illegal money collection.

The portal will help anyone can obtain information regarding entities that are allowed to accept deposits, lodge complaints and share information regarding illegal acceptance of deposits by unscrupulous entities.

Key highlights of Sachet

The website is available in vernacular languages for the benefit of the people of different regions of the country.

It will be helpful for the regulators in quick follow up of the unlawful money collection activities.

It will also enable people get information regarding the financial entities that are allowed to accept the deposits.

People will get the space to lodge complaints and share information regarding illegal collection of deposits by unscrupulous entities in their areas.

The website also incorporates regulations prescribed by all financial regulators that different entities have to follow.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes5 People Agreed
Read more Current Affairs on: Sachet , RBI , Reserve Bank of India , Raghuram Rajan

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK