RBI launches ‘Sachet’ portal to check illegal money collection

The Reserve Bank of India (RBI) on Thursday launched a portal to curb illegal collection of money by companies.
RBI launches ‘Sachet’ portal to check illegal money collection
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The Reserve Bank of India (RBI) on Thursday launched a portal to curb illegal collection of money by companies.

The website will enable public to obtain information regarding entities who accept deposits, lodge complaints and also share information regarding illegal acceptance of deposits, said RBI Governor Raghuram Rajan while launching 'Sachet' here. 

 "Initiating quick follow up and taking cases to logical conclusion by punishing the guilty is paramount to deterring entities in future from carrying out unlawful activity. I hope 'Sachet' would help regulators in doing this as much as it would help members of public in depositing their hard earned money with genuine companies by giving them timely information about them," Rajan said. 

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