DO NOT use this app, Public given strict warning now by RBI??
Posted on: 24/Feb/2022 10:27:35 AM
The growth of technology is both a boon as well as bane for the people!!
On one hand, with the growth of technology, so many important activities are being carried out easily and on the other hand many fraudsters cheat the people.
The RBI or Reserve Bank of India is grabbing the news now for this reason. This bank has issued strict orders to the public not to use the sRide app. The growth of technology has been tremendous in recent years and this is well known to us. There are many fraudsters now who have been using technology to their advantage to cheat the people. It is learnt that there are few organisations that have been functioning without proper recognition now. This is creating issues now.
In this scenario, RBI has warned the public regarding using sRide app. Information collected is that this mobile app has been functioning without getting proper approval. This organisation is located in the Gurgaon district belonging to Haryana is known. It must be noted that car pooling service is being provided by sRide on a free name basis but the fact is that this sRide has not been given license by RBI under the Transactions and Settlement Systems Act 2007. Hence, RBI has asked the public not to use this sRide app.
