The Reserve Bank of India (RBI) has issued a press release on December 11, 2023, warning the public about ongoing fraudulent campaigns that promise loan waivers. These campaigns, which have been observed across various media, involve misleading claims such as waiving outstanding dues to banks and Non-Banking Financial Companies (NBFCs), issuing fake 'debt waiver certificates,' and collecting fees under dubious pretenses. The RBI stresses that these claims are false and can lead to legal consequences for the perpetrators. Furthermore, such activities threaten the stability of financial institutions and can result in direct financial loss for individuals who engage with these fraudulent entities. The public is urged to avoid these scams and to reach out directly to their lending institutions for any loan-related inquiries. Any suspicious activities should be reported to law enforcement agencies to help combat these misleading campaigns.