I WENT TO ICICI BANK WITH CONCERN REGARDING MY TAX BEING DEDUCTED AND TO FILL THE FORM

I TOLD THE SAME TO THE STAFF AT THE ICICI GORAKHPUR BRANCH.

I WAS NOT AWARE THAT THE ICICI BANK STAFF WAS AN ICICI PRUDENTIAL LIFE INSURANCE AGENT

INSTEAD OF GIVING ME TAX EXEMPTION FORM HE PROVIDED ME ANOTHER FORM SAYING THAT THIS IS FORM FOR A TAX FREE NEW ACCOUNT HE JUST ASKED ME TO SIGN IT AND SAID THAT YOU CAN GO NOW WE WILL CALL YOU WHEN ITS ACTIVE

AFTER ABOUT A WEEK I RECEIVED A MAIL FROM ICICI BANK INFORMING THAT 2 LAKH S HAVE BEEN DEPOSIED IN ICICI PRUDENTIAL LIFE INSURANCE FROM YOUR BANK ACCOUNT

IT ALSO GAVE SOME OPTION OF FREE LOOK PERIOD SO I WENT TO CANCEL THE INSURANCE AT THE NEAREST ICICI PRUDENTIAL OFFICE

ONE STAFF SAID WHY YOU WANT TO CLOSE SO EARLY THEN I WENT TO THE MANAGER HE SAID YOU LEAVE THE MONEY AS IT IS NO NEED TO PAY EVERY YEAR AFTER FIVE YEARS YOU WILL GET THE MONEY

I FOUND THAT FROM AGENTS TO THE MANAGER ALL TRY TO PUT THE MONEY OF CUSTOMERS IN THE 5 YEAR LOCK IN PERIOD

ICICI PRUDENTIAL LIFE INSURANCE COMPANY MAKES PEOPLE FOOL AS WELL AS THEY ARE UTILISING THE INTEREST ON THE MONEY FOR THEIR OWN BENEFIT