The number of financial scams has skyrocketed. As per the Reserve Bank of India’s annual report, there were frauds to the tune of ₹30,000 crores in 2022–23. These are only the cases that are reported, but the majority of people who fall for scams, don’t even report them.

There are so many types of scams that any of us can be a victim. It’s important that you are aware of some of the most common scams and how you can avoid them.