SBI, Canara Bank deducting money for govt insurance schemes from savings accounts without consent; complaints flood X

Banks including State Bank of India (SBI) and Canara Bank are debiting insurance premiums for Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJY) for life insurance, Pradhan Mantri Suraksha Bima Yojana (PMSBY) for accident insurance without obtaining prior consent from customers, the complaints on social media platform X read. All you need to know

from Personal Finance News-Wealth-Economic Times https://ift.tt/dM5ljvc