Most Important Rights Every Bank Customer Ought To Know


5 # Compensation

Don’t hesitate to ask for compensation, when the bank is at fault; it’s your right to do so. You are entitled to get a compensation when cheques are collected late by the banks and you are liable for due compensation with simple interest rates.

6 # Get the security money

The customer is entitled to get back its security money from the bank when the liability is cleared. The bank has to pay back to the customers within 15 days of clearing off any such liability.

7 # You have your own choice

If you are the customer of any bank you are only entitled to their services and in relevance to you.

 The bank should not force you to buy any other products, which are of no concern to you. Buying a mutual fund or an insurance policy is totally your own choice and bank would not initiate anything.

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