GS2PIB · Current Affairs
Banks use SACHET portal and SLCC to enable complaints against entities illegally collecting/depositing money
Banks are using the SACHET portal and State Level Coordination Committees to help citizens report entities illegally collecting or taking deposits
SP
Samachar Pathshala Desk
Published 23 Jul 2026 · 1 min
Key takeaways
- The SACHET portal is a public-facing complaint platform used against entities illegally collecting or accepting deposits.
- The State Level Coordination Committee supports state-level coordination for complaints related to illegal deposit collection.
What happened
Banks are using the SACHET portal and the State Level Coordination Committee (SLCC) to help citizens lodge complaints against entities that illegally collect or accept money as deposits. The Ministry of Finance presents these as public-facing channels for reporting unauthorised deposit activity.
Why this matters for UPSC
The UPSC angle
GS2GS3
Financial grievance redress against illegal deposit-taking entities
UPSC may frame the issue around the role of the SACHET portal, the State Level Coordination Committee, and the broader challenge of protecting citizens from unauthorised deposit schemes and financial fraud.
