Central Bank of india and LIC
Misleading innocent people

One of my relative is a farmer in a village nearby is aged 79 years. As he could not work further in his farm land, sold his land and wanted to get monthly income out of the sale proceeds to meet his food and other expenses. Out of the sale proceeds, he wanted to deposit Rs.10 lacs in Central Bank of India, Nanjundapuram Branch, Coimbatore. When he approached the bank, the bank manager has said that Bank is having surplus money. So he redirected him to LIC. The LIC men came to his house along with the bank manager and took away his money (10 lack) promising hime that every month they will pay the interest. But now it seems that they have issued a policy Bima Bachat scheme. Now the farmer is starving for food and taking loans from local people at very high rates of interest. It seems that LIC has appointed Banks as agents and these bank have fixed targets. To achieve these targets, the bankers are fooling people.

Company: Central Bank of india and LIC
Country: India
State: Tamil Nadu

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