SEBI Cautions Investors Against Fake Notices Demanding STT Payments

The Securities and Exchange Board of India (SEBI) has issued a warning to investors regarding fraudulent notices being circulated by scammers. These notices, which are designed to look official by using SEBI's letterhead, falsely claim that investors owe Securities Transaction Tax (STT) payments. SEBI emphasized that these communications are not genuine and urged investors to remain vigilant against such deceptive practices. The regulator reassured the public that it does not issue demands for payments in this manner. As the financial sector increasingly moves towards digital platforms, the incidence of such scams has risen, leading to heightened concerns about investor protection and cybersecurity. SEBI's alert aims to educate investors on identifying fake communications and to report any suspicious activity promptly. This proactive measure is part of SEBI's ongoing efforts to safeguard the interests of investors and maintain the integrity of the financial markets in India.