Fact Check: Can You Earn 10 lakh By Selling Coins Of Rs10 and 5 With Mata Vaishno Devi ?

A piece of news is getting massively viral on the internet. The news is claiming that if you have Coins Of Rs10 and 5 With Mata Vaishno Devi, currency which is hardly found in circulation these days. Then, you can win as much as Rs 10 lakh. Many websites like Indian Coin Mill  DNA  Indiatimes and many more have posted this news regarding the exchange of old coins.

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Fact Check

On our fact check analysis our team found that these claims are misleading. There is no such authentic source that claims to sell Coins Of Rs10 and 5 With Mata Vaishno Devi.

Further, our team found an RBI press release. In which, it stated, ” It has come to the notice of Reserve Bank of India that certain elements are fraudulently using the name/ logo of Reserve Bank of India. And seeking charges/ commission/ tax from the public, in transactions related to buying and selling of old banknotes and coins through various online/ offline platforms.

It is clarified that the Reserve Bank of India does not deal in such matters and never seeks charges/ commissions of any sort. Reserve Bank of India has also not authorized any institution/ firm/ person etc. to collect charges/ commission on its behalf in such transactions.

Reserve Bank of India advises members of the public to remain cautious and not to fall prey to elements. They are using the name of the Reserve Bank of India to extract money through such fictitious/ fraudulent offers.

Hence, the claims of these websites are fake and misleading. That is to say, everyone wants to earn easy money

DFRAC Editor

Digital Forensics, Research and Analytics Centre (DFRAC) is a non-partisan and independent media organisation which focuses on fact-checking and identifying hate speech. With the popularisation of the internet came the challenge of information overload and often times, our feeds are overpopulated with conflicting, incendiary and false information which is increasingly becoming difficult to ignore and not believe in

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