After selling these products, banks wash their hands and do not listen to customer grievances.
If your bank has sold a financial product that was not suitable and didn’t match financial needs, make a complaint at the banking ombudsman, as you might be able to recover some of the money lost due to mis-selling of financial products.
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Financial mis-selling of insurance involves selling insurance plans which don’t meet financial goals or not updating customers on essential facts necessary for decision making.
The practice of bundling such products leads to forced buying and can result in mis-selling.