The official said that they are in talks with the Indian government to stop such kind of fraud.
Twitter on Monday announced that those who are running the financial scams on its platform may lead to permanent closer of their accounts.
The social media’s financial scams policy states that one cannot utilise its services "to cheat others into sending you money or personal financial related data through scam strategies, phishing and false methods."
"At Twitter, improving the collective health of the public conversation is our number one priority. We're announcing a policy expansion to prohibit financial scams on Twitter," a Twitter spokesperson said in a statement shared with IANS.
To deal with online financial fraud in India, the official said that they are in talks with the Indian government to stop such kind of fraud.
"This expansion enables us to take effective action against financial scams that cheat others into sending them money or personal financial information through fraud strategies, or false methods," the statement added.
Under this policy, users are ban to create a new account, post tweets and also can’t send direct messages that solicit engagement in fraudulent schemes. Any users can report violation of this policy.
The results for violating this policy depend on the type and seriousness of the offence as well as any past history of violation.
"If the violation is an isolated incident or first offence, we may take a number of actions ranging from requiring eletion of one or more Tweets to temporarily locking accounts," official added.
"For severe violations, accounts will be permanently suspended at first detection," it added.