Protect Your Money before Investing
Bangalore: “Promises Are Meant to Be Broken”, one should remember this phrase always before falling for any kind of promises, especially with companies promising high returns. Lately there have been many fraudulent cases and it has become very important for one to make sure that your money is protected before investing, reports Economic Times.
Before investing your money on the suggestion of any company, make sure that the entity is registered with the Securities & Exchange Board of India, Reserve Bank of India and is granted to accept funds by means of deposits or other ways.
It is not necessary that raising public money means acceptance of deposits. Deposits are considered only when the money is accepted with a promise to give good returns with interest. Collecting money by means of share capital, security deposits, advance against goods or services and are not considered as deposits.
Also Read:
