Tuesday, May 29, 2012

satyamev jayate - can we trust on banks

Its high time for banking sector. Are we waiting for Aamir khan to host one episode on banking sector depicting discrepancies. I don't know what can be possible format but it will definitely feature a widow whose husband's entire corpus (the total money that was given to lady after her husband's death) was deposited in some ULIP scheme saying it is FD with more than 20% returns yearly. The story of Auto rickshaw wala or milkman will also come whose years of saving are on stake after successful guidance from bank officials. Some the very important question that will be discussed in that will be :
  Can selling ULIP on the name FD can cause termination, then banks give details about number of employees that were terminated on that ground?

Are preferred banking, priority banking, private banking  or any other special banking is really doing any good for customers?

Are banks  going for short term gain from customers?

Do bank officials give proper details of different schemes and charges levied ?

Are bank official giving false claims of returns of different schemes?


to be continued..