HDFC BANK using the stamp on Passbook and declaring they are not liable to take the responsibility for one Lakh....that means savings up to ONE LAKH ONLY is safe in Private Banks. This image has sent social media buzzing and further banking sector is getting negative attention.
HDFC Bank has also given a statement post this image getting viral and it has issued clarification as stated below:
Issuing a clarification, HDFC Bank said the information was not new and had been inserted as per a June 22, 2017 RBI circular.
“This pertains to information about the deposit insurance cover. We would like to clarify that the information has been inserted as per RBI circular dated Jane 22, 2017 which requires all Scheduled Commercial Banks, all Small Finance Banks and Payment Banks to incorporate information about ‘deposit insurance cover’ along with the limit of coverage upfront in the passbook,” the bank said in a statement.
We also reiterate that one need not panic as this One Lakh rule is ages old rule and it is just now that it is being given wide publicity to make the client aware of his rights. Through Indian Stock Tips Newsletter we try to bring factual updates for the readers so that the rumours are nipped in the bud and thus do fill your email in the subscription box so that you donot miss out on any important information.
HDFC Bank has also given a statement post this image getting viral and it has issued clarification as stated below:Issuing a clarification, HDFC Bank said the information was not new and had been inserted as per a June 22, 2017 RBI circular.
“This pertains to information about the deposit insurance cover. We would like to clarify that the information has been inserted as per RBI circular dated Jane 22, 2017 which requires all Scheduled Commercial Banks, all Small Finance Banks and Payment Banks to incorporate information about ‘deposit insurance cover’ along with the limit of coverage upfront in the passbook,” the bank said in a statement.
We also reiterate that one need not panic as this One Lakh rule is ages old rule and it is just now that it is being given wide publicity to make the client aware of his rights. Through Indian Stock Tips Newsletter we try to bring factual updates for the readers so that the rumours are nipped in the bud and thus do fill your email in the subscription box so that you donot miss out on any important information.
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