How to Open Your FREE DEMAT Account
Dear Investors,
Over the past few days we have been receiving information from various unknown entities regarding a Mobile Application in the name and style of SMIFSMAX which is running an online Investment Advisory and Training Program, promoted through WhatsApp Groups namely, “VIP98 Investment and Dating Study Group”, “Pursuit of Excellence”, “Mammoth Finance”, “Citadel Investment” and using the Logo and SEBI Registration Number of SMIFS Limited to unscrupulously cheat and cause fraud on the innocent investors.
At the outset it is being informed that SMIFS Limited, having its registered Office at 4, Lee Road, Kolkata – 700020, its employees, Authorized Persons are nowhere related to the said SMIFSMAX and the above named WhatsApp Groups and any other Social Media Platforms. The perpetrators are publishing false information through various impersonating websites namely, www.smifsmaxzu.xyz; www.smifsmaxzo.xyz; etc.
The perpetrators are conducting Webinars and Seminars through which the perpetrators are promising very high absurd assured returns and are collecting funds from the innocent investors by impersonating the name and reputation of SMIFS Limited, where the company has no relation in any manner whatsoever.
On July 29, 2024, we were shocked to learn from several unknown individuals that a mobile application named “SMIFSMAX” is actively operating under misleading pretenses. These individuals, including Vikash (8849932807), Kinza Afeef (9775881346), Sachin Gupta (9300788728), Gulam Mudassir (gulammudassirgmq@gmail.com), and others, contacted the company’s officers via phone calls and emails. They reported that various WhatsApp groups, such as “Smifsmax Customer Care,” “VIP98 Investment & Dating Study Group,” and “Pursuit of Excellence,” were functioning, wherein the accused individuals were raising funds by impersonating SMIFS Limited. These fraudsters were promising inflated and guaranteed returns of up to 500%, falsely claiming to be authorized representatives of SMIFS Limited with the necessary licenses from the Securities and Exchange Board of India (SEBI) and stock exchanges.
Further information revealed that these perpetrators were conducting video sessions and training programs to lure the public into depositing cash into their bank accounts. The fraudulent accounts were identified as follows:
- Account 1: Punjab & Sind Bank, Account Number 12261100000451, under the name “Aggarwal Traders,” with IFSC Code PSIB0021226.
- Account 2: Ratnakar Bank Limited, Account Number 409002290127, under the name “M S Rajshekhar Sidrammappa Birajdar,” with IFSC Code RATN0000031, located in Nanapeth, Pune.
These fraudulent activities were designed to deceive and defraud the general public by extracting money through false claims and misrepresentation. The accused individuals were using social media platforms, including WhatsApp groups, to perpetrate this scam, falsely associating themselves with SMIFS Limited by using the company’s logo and other fake identifiers.
The illegal activities of these individuals have severely disrupted the our operations and tarnished our reputation, causing considerable distress and loss. The fraudulent schemes aimed at exploiting innocent individuals for unlawful financial gains have created significant problems and adversely affected the company’s working environment.
We would like to bring to your attention that SMIFS Max is a fraudulent entity impersonating SMIFS Limited. This deceptive organization is using our identity to mislead and defraud clients by offering unrealistic returns and making non-compliant promises. Additionally, SMIFS Max is unlawfully using our SEBI registration number to deceive potential investors.
We urge all individuals to remain vigilant and cautious to avoid falling victim to these fraudulent schemes. Protect yourself by verifying the authenticity of any investment opportunities and always engage with verified, legitimate entities.
Thus investors are being strongly advised to refrain themselves from falling into such trap of misguided allurement and the heinous design of the fraudsters and cheaters who are alluring the innocent investors by promising high guaranteed returns unlawfully and illegally using the Logo and Registration Number of SMIFS Limited.
It may kindly be noted that SMIFS Limited has a process of registering its Clients whereby the Client is registered with SEBI KYC-KRA Portal, CKYC Portal and Stock Exchanges before allotting a Unique Client Code to the Client.
Clients registered with SMIFS Limited are allowed to pay SMIFS Limited through the Official Website of SMIFS Limited i.e. www.smifs.com and the Official Mobile Application “SMIFS ELITE” where the Bank Accounts are maintained with HDFC Bank, ICICI Bank and Axis Bank in the name of SMIFS Limited.
Thus the investors are being strongly advised to refrain themselves from paying any hard earned money to a Fraudster, who are collecting Funds impersonating SMIFS Limited in their Personal Accounts which has No Link with SMIFS Limited in any manner whatsoever.
It is further re-iterated that SMIFS Limited does not deal in Cash and have NOT authorized any of its employees and/or Authorized Persons to receive Cash on its behalf.
We hope that the advisory above have been understood in true letter and spirit and the purport of staying away from the fraudsters who can unethically cheat and defraud you of your valuable earnings and hard earned wealth.
Key Points to Remember:
- SMIFS Limited registers its clients through a proper process, including registration with the SEBI KYC-KRA Portal, CKYC Portal, and Stock Exchanges before assigning a Unique Client Code.
- Payments to SMIFS Limited should only be made through the official website (www.smifs.com) or the official mobile application “SMIFS ELITE.” All bank accounts are maintained with HDFC Bank, ICICI Bank, and Axis Bank in the name of SMIFS Limited.
- SMIFS Limited does not accept cash payments and has not authorized any employees or Authorized Persons to receive cash on its behalf
We Thank You for your solicitation and wish you a safe investment journey through SMIFS Limited.
For any further information and clarification, you can call or whatsapp at 9830121215
