Banks forge customers' consent after withdrawing money illegally for Modi govt’s insurance schemes: Report

Article 14

Banks Want Forged Paper Trails After Taking Money Illegally From Customers For Modi Govt's Flagship Schemes

Despite media exposés and frequent public complaints, banks nationwide continue taking money without authorisation from accounts to enrol customers in low-cost life-insurance and accident-insurance schemes launched by Prime Minister Narendra Modi. To meet targets set by the union government, bank offices are now withdrawing money from accounts of many customers en masse, in some cases even forging customer consent and asking local offices to cam…