Retirement benefits - Bankers HIDE RISK FACTORS - LOST Rs.17 lakhs -

Retirement benefits - Invested in DEBT FUND - Bankers hide RISK FACTORS assured 100% SAFE - Due to HIDDEN EQUITY PART, lost Rs.17 lakhs within 4 months - Requested the Bank Management to initiate Inquiry by a Competent Authority and DO JUSTICE on MERITS - Inquiry not conducted. Complained to all DEBT FUND REGULATORY AUTHORITIES - They called for explanation of the Bank through CENTRALISED CUSTOMERS GRIEVANCE CELL. Bank submitted explanation supporting their employees. All REGULATORY AUTHORITIES CLOSED the issue in a ROUTINE MANNER stating that NO DEFICIENCY in SERVICE of the bank. It is a CLEAR-CUT Case of MISLEADING by Bank Employees Please suggest the Authority to whom I have to approach to get the issue inquired by a COMPETENT AUTHORITY.

Answers (1)

184 votes

banking ambudsmen is the appropriate authority and you can also file case before appropriate consumer forum where in the territorial jurisdiction applies and pls see which is applicable as per the problem

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