This is not the first time when fraudsters tried fleecing gullible investors with the aid of a public figure's video. Prior to this, social media has witnessed videos of Sachin Tendulkar, Mukesh Amban

"It has come to the notice of Reserve Bank of India that fake videos of the Governor are being circulated in social media that claim launch of or support to some investment schemes by the RBI," the official statement of RBI said.

In an official statement, the RBI advised the public to be cautious of "deepfake videos of Top Management" circulating on social media, offering financial guidance.

The Reserve Bank of India (RBI) warns investors about deepfake videos of Governor Shaktikanta Das circulating on social media. These fake videos claim to launch or promote some RBI-backed investment schemes,