How Bank Relationship Manager sell unsuitable products
We often hear of people being (mis)sold ULIP or insurance policies or inappropriate mutual funds by his Relationship Manager. The advice of a relationship manager or personal banker is totally biased and is based on the following considerations (a) Commission/Earning...Quiz on Bank Frauds, Scams, Relationship Managers
The number of bank frauds in India is substantial. It is increasing with the passage of time. With the number of bank frauds increasing, you need to be doubly careful about your transactions, especially online ones. According to the Reserve Bank of India’s...Nomination, Will, Operation of Joint Account
Your family is of paramount importance to you. You have been diligently investing to take care of your family needs now and in the future. But have you done the right paperwork to ensure that your family has access to your investments with ease in case of any...Voluntary Provident Fund, Difference between VPF, EPF and PPF
For employees who are covered under EPF(Employee Provident Find or EPF), besides their compulsory contribution to PF there is a provision for an additional or Voluntary contribution to EPF popularly called as Voluntary Provident Fund or VPF. The employer will not...What happens when a bank is placed in Moratorium : ATM, NEFT, Can banks fail
Reserve Bank of India (RBI) placed Yes Bank under a moratorium on 5 Mar 2020. PMC or Punjab and Maharashtra Cooperative Bank was put under RBI watchlist in Sep 2019. The PMC bank crisis claimed many lives. Angry depositors have been gathering to protests to get their...Subscribe to All Our Posts
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