Promised 30% monthly returns? SBI warns investors against fake investment schemes

SBI has warned investors against fraudulent investment schemespromising 30% monthly returns. Identify these four warning signs, verify SEBI registration and protect your savings from online financial scams.

You might come across investment schemes offering unusually high returns through social media platforms, messages or emails. Such schemes appear lucrative at first glance. However, be wary of such investment ideas, schemes and offers, as they can lead to financial fraud.

The State Bank of India (SBI) has strongly advised investors to avoid fraudulent investment schemes that promise returns of up to 30% per month.

In a post on X on 12 October, the public sector lender highlighted the risks of such offers as part of its ‘National Cyber Security Month Special Campaign 6.0’. The bank urged people to carefully verify investment opportunities and remain alert to online financial fraud.