{"id":6461,"date":"2026-06-17T05:27:55","date_gmt":"2026-06-17T05:27:55","guid":{"rendered":"https:\/\/website-frontend-qa.1finance.co.in\/magazine\/?post_type=blog&#038;p=6461"},"modified":"2026-07-14T07:24:22","modified_gmt":"2026-07-14T07:24:22","slug":"mis-selling-by-banks-is-the-bank-trying-to-scam-you-how-to-protect-yourself","status":"publish","type":"blog","link":"https:\/\/website-frontend-qa.1finance.co.in\/1f-dashboard\/blog\/mis-selling-by-banks-is-the-bank-trying-to-scam-you-how-to-protect-yourself\/","title":{"rendered":"Mis-selling by banks: Is the bank trying to scam you? How to protect yourself"},"content":{"rendered":"\n<p><span>Walk into any bank branch, and you will likely find a bank relationship manager (bank RM) trying to push you into something more lucrative, maybe a \u201cmarket-linked\u201d or \u201chigh-returns mutual fund plan\u201d. Everything looks good on the paper, but the fine print often reveals something else entirely. In broader terms, this practice is known as mis-selling, and this is just one example of rampant mis-selling in banks in India.<\/span><\/p>\n\n\n\n<p><span>Many customers fall victim to these <\/span><a href=\"https:\/\/1finance.co.in\/blog\/how-to-spot-financial-misselling\/\"><span>mis-selling tactics<\/span><\/a><span>, unknowingly setting themselves up for financial ruin, which they realize very late.<\/span><\/p>\n\n\n\n<p><span>So, let\u2019s address crucial questions for you: what mis-selling tactics do banks use, why do banks even do this in the first place, and most importantly, how do we protect ourselves from them? Read all about the mis-selling in banks in this blog.<\/span><\/p>\n\n\n\n<p><span>What is mis-selling in banking?<\/span><\/p>\n\n\n\n<p><span>Mis-selling in banks is the act of persuading or coercing a customer into buying a product or service irrelevant to their needs. Just imagine that the very institution you considered \u201csafe\u201d quietly works against your best interest. And it can occur at various instances when you are:<\/span><\/p>\n\n\n\n<ul>\n<li><span>Disbursing loans<\/span><\/li>\n\n\n\n<li><span>Opening a locker account<\/span><\/li>\n\n\n\n<li><span>Seeking bank services like bank balances, etc.<\/span><\/li>\n\n\n\n<li><span>Applying for savings scheme, especially senior citizens schemes<\/span><\/li>\n<\/ul>\n\n\n\n<p><span>Some banks even derived 100% of their profits through such commissions (we will explore this later in this blog), raising an important question: how widespread is mis-selling in banks?<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span>Mis-selling practices as per various banking segments<\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td rowspan=\"2\"><span>Banking Segment<\/span><\/td><td colspan=\"2\"><span>Mis-selling (%)<\/span><\/td><\/tr><tr><td><span>Yes<\/span><\/td><td><span>No<\/span><\/td><\/tr><tr><td><span>Private Sector Bank &#8211; Large<\/span><\/td><td><span>61.74<\/span><\/td><td><span>38.26<\/span><\/td><\/tr><tr><td><span>Private Sector Bank &#8211; Medium<\/span><\/td><td><span>58.42<\/span><\/td><td><span>41.58<\/span><\/td><\/tr><tr><td><span>Private Sector Bank &#8211; Small<\/span><\/td><td><span>43.48<\/span><\/td><td><span>56.52<\/span><\/td><\/tr><tr><td><span>Public Sector Bank<\/span><\/td><td><span>51.85<\/span><\/td><td><span>48.15<\/span><\/td><\/tr><tr><td><span>Small Finance Bank<\/span><\/td><td><span>52.27<\/span><\/td><td><span>47.73<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><em>Source: 1 Finance Magazine<\/em><\/p>\n\n\n\n<ul>\n<li><span>Large (61.74%) and medium (58.42%) private sector banks likely reflect greater sales pressure and aggressive targets.<\/span><\/li>\n\n\n\n<li><span>Public sector banks (51.85%) and small finance banks (52.27%) also suggest that mis-selling is not limited to just private institutions.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span>The numbers make it clear. Mis-selling is common across all bank segments, which naturally brings us to the next question: how exactly do banks mis-sell a product?<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span>What are the most common mis-selling tactics used by banks?<\/span><\/h2>\n\n\n\n<p><span>Bank relationship managers can be very persuasive and deploy tactics that seem natural on the surface for an unsuspecting, unaware customer.<\/span><\/p>\n\n\n\n<p><strong>1. Promising fixed or high returns<\/strong><\/p>\n\n\n\n<p><span>The most-used mis-selling tactic is that of guaranteeing returns on their investments. The problem here isn\u2019t intellectual but emotional. They tempt you with the illusion of fixed or high returns. Remember: no insurance or investment product can guarantee returns. Anyone claiming otherwise is bluffing.<\/span><\/p>\n\n\n\n<p><strong>2. Pushing unsuitable products aggressively<\/strong><\/p>\n\n\n\n<p><span>Customers are often pressured into policies that don\u2019t align with their financial goals or risk appetite. This tactic puts customers into discomfort, and instead of saying no, they end up buying that policy. For example, a 30-year old professional who wanted to invest in the national pension scheme (NPS) for <\/span><a href=\"https:\/\/1finance.co.in\/blog\/how-to-choose-the-right-retirement-investments-for-your-goals\/\"><span>retirement<\/span><\/a><span> was instead given a <\/span><a href=\"https:\/\/1finance.co.in\/blog\/is-ulip-a-good-investment-or-a-mis-sold-product\/\"><span>ULIP<\/span><\/a><span>.<\/span><\/p>\n\n\n\n<p><strong>3. Bundling products<\/strong><\/p>\n\n\n\n<p><span>Framed as \u201cpart of the process\u201d, bundling is a form of mis-selling when you are given unrelated services together, making one conditional on the purchase of another. Many times, banks put pressure on customers, telling them to <a href=\"https:\/\/1finance.co.in\/insurance-planning\">buy an insurance policy<\/a> to avail the required service.<\/span><\/p>\n\n\n\n<p><strong>4. Concealing or falsifying details about the product<\/strong><\/p>\n\n\n\n<p><span>Bank RMs purposely conceal\/falsify some (if not all) details to make customers fit for the product they are pitching. For example, many <\/span><a href=\"https:\/\/1finance.co.in\/blog\/unknown-clauses-about-life-insurance-policies-to-watch\/\"><span>clauses of life insurance policies<\/span><\/a><span> aren\u2019t mentioned beforehand. This concealed data may include the risks associated with the product, hidden costs, optimal holding period, and sometimes, even the returns are tampered with to trap customers.<\/span><\/p>\n\n\n\n<p><strong>5. Creating a sense of urgency<\/strong><\/p>\n\n\n\n<p><span>Bank RMs try to overwhelm customers with a sense of urgency to coerce them into buying a product. Phrases like \u201clast chance\u201d or \u201climited-time benefits\u201d are used to induce fear of missing out.<\/span><\/p>\n\n\n\n<p><strong>6. Offering freebies or commissions from their incentives<\/strong><\/p>\n\n\n\n<p><span>Why would an agent or a RM want to share a portion of their profits? It\u2019s a fair question to ask. That generosity is intentional, as it\u2019s meant to appear helpful while serving their interests. As a result, free gifts or shared commissions distract customers from asking the right questions.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span>Why do banks push insurance products so aggressively?<\/span><\/h2>\n\n\n\n<p><strong>From the bank RM\u2019s perspective<\/strong><\/p>\n\n\n\n<p><span>Insurance and <\/span><a href=\"https:\/\/1finance.co.in\/blog\/how-to-invest-in-mutual-funds\/\"><span>mutual fund<\/span><\/a><span> products yield far higher incentives than traditional banking services. Also, in banking, the overall pressure is immense, at least that\u2019s what the survey by 1 Finance Magazine found when they talked to many bank RMs.<\/span><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><span>Selling pressure<\/span><\/td><td>They are constantly reminded to sell at any cost.<\/td><td><span>84.30%<\/span><\/td><\/tr><tr><td><span>Asked to sell at any cost<\/span><\/td><td>They have direct instructions to prioritize sales over suitability.<\/td><td><span>57.56%<\/span><\/td><\/tr><tr><td><span>Unrealistic target goals<\/span><\/td><td>The target quotas are often so high that ethical selling becomes impossible.<\/td><td><span>59.30%<\/span><\/td><\/tr><tr><td><span>Fear of getting fired<\/span><\/td><td>Their non-performance or failing to meet their targets puts their employment at risk.<\/td><td><span>51.52%<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><i>Source: 1 Finance Magazine<\/i><\/p>\n\n\n\n<p>Scroll right to view full table \u2013&gt;<\/p>\n\n\n\n<p><span>This data highlights a deeper problem about the systemic pressure, along with higher commissions, pushing RMs into unethical practices and encouraging mis-selling.<\/span><\/p>\n\n\n\n<p><strong>From the banks\u2019 perspective<\/strong><\/p>\n\n\n\n<p><span>The foremost reason is the high commissions! The commission income to total income ratio is the perfect parameter to understand how much of a bank\u2019s overall income comes from selling third-party products like insurance, wealth management products, etc. A higher ratio indicates heavy reliance on third-party commissions to boost their profits.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span>Commission income to total income ratio<\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td rowspan=\"2\"><span>Bank Name<\/span><\/td><td colspan=\"2\"><span>Commission Income to Total Income Ratio (%)<\/span><\/td><\/tr><tr><td><span>FY24<\/span><\/td><td><span>FY04<\/span><\/td><\/tr><tr><td><span>Axis Bank<\/span><\/td><td><span>25.2<\/span><\/td><td><span>16.5<\/span><\/td><\/tr><tr><td><span>IDFC First Bank*<\/span><\/td><td><span>23.6<\/span><\/td><td><span>5.4<\/span><\/td><\/tr><tr><td><span>Yes Bank**<\/span><\/td><td><span>23.3<\/span><\/td><td><span>21.5*<\/span><\/td><\/tr><tr><td><span>IndusInd Bank<\/span><\/td><td><span>22.1<\/span><\/td><td><span>3.2<\/span><\/td><\/tr><tr><td><span>Kotak<\/span><\/td><td><span>19.4<\/span><\/td><td><span>3.5<\/span><\/td><\/tr><tr><td><span>HDFC Bank<\/span><\/td><td><span>17.9<\/span><\/td><td><span>17.6<\/span><\/td><\/tr><tr><td><span>ICICI Bank<\/span><\/td><td><span>17.4<\/span><\/td><td><span>21.7<\/span><\/td><\/tr><tr><td><span>SBI<\/span><\/td><td><span>13.3<\/span><\/td><td><span>16.6<\/span><\/td><\/tr><tr><td><span>Central Bank of India<\/span><\/td><td><span>9.5<\/span><\/td><td><span>9.7<\/span><\/td><\/tr><tr><td><span>PNB<\/span><\/td><td><span>7.9<\/span><\/td><td><span>10.1<\/span><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><i><span>Source: 1 Finance Magazine; *Data from the last available financials &#8211; FY16 **Data from the last available financials &#8211; FY05<\/span><\/i><\/p>\n\n\n\n<ul>\n<li><span>Prominent banks show how central commission-based selling has become their earning model. For example, IDFC First Bank derived its significant income from commissions, up sharply from 5.4% to 23.6% in FY24. Whereas IndusInd Bank saw a surge to 22.1% from just 3.2% in FY24. Kotak Bank also belongs to this line.<\/span><\/li>\n\n\n\n<li><span>Older giants like SBI, HDFC Bank, ICICI Bank, and Central Bank of India have either seen flat or declining ratios. Their reliance on commissions is far lower, suggesting their business still revolves around traditional banking.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span>The data shown below further sheds light about where those high commissions come from.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span>Commissions earned by banks and NBFCs from related party life insurance companies (FY24 &#8211; \u20b9 Crores)<\/span><\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/1finance.co.in\/magazine\/wp-content\/uploads\/2025\/10\/Commissions-earned-by-banks-and-NBFCs.png\" alt=\"Commissions earned by banks and NBFCs\" class=\"wp-image-6639\"\/><\/figure><\/div>\n\n\n<p><span>And this <\/span>1 Finance Magazine<span> data observed a conflict of interest, i.e., pushing in-house products over customer suitability.<\/span><\/p>\n\n\n\n<ul>\n<li><span>Kotak (100%) and ICICI (99.9%) banks earn nearly all insurance commissions from their own group companies.<\/span><\/li>\n\n\n\n<li><span>HDFC Bank earned \u20b93,059.3 Cr (54.2% from HDFC Life); SBI earned \u20b92,232.2 Cr (84.5% from SBI Life). They are less dependent, but related-party commissions still form a major chunk.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span>When a large share of this income is linked to related party companies, the conflict of interest becomes obvious. So, customers\u2019 goals and interests often get sidelined, as banks have the bigger agenda of boosting the performance of the group as a whole, to prioritize sales volume over the customer&#8217;s best interest.<\/span><\/p>\n\n\n\n<p><span>While the numbers are staggering, the silver lining is that the Reserve Bank of India (RBI), along with the Insurance Regulatory and Development Authority of India (IRDAI), are closely monitoring this mis-selling in banks fiasco.<\/span><\/p>\n\n\n\n<p><strong>1 Finance has made a documentary highlighting the rampant mis-selling of financial products and its impact on our lives. Watch it here.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Mis-sold: Full Documentary | Not all investments give you returns, some take them away\" width=\"580\" height=\"326\" src=\"https:\/\/www.youtube.com\/embed\/q9kmG-443vo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>A 1 Finance awareness initiative<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span>RBI rules on mis-selling by banks<\/span><\/h2>\n\n\n\n<p><span>RBI is reframing its guidelines to tighten the noose around this mis-selling practice. By regulation,<\/span><\/p>\n\n\n\n<ol>\n<li><span>Customers must be given clear, non-misleading information, i.e., product risks, fees, expected returns, and lock-in periods.<\/span><\/li>\n\n\n\n<li><span>Any misrepresentation or withholding of such information is a violation of RBI and IRDAI guidelines, leading to regulatory action, penalties, and compensation to affected customers.<\/span><\/li>\n\n\n\n<li><span>Banks must ensure products sold are suitable to the customer\u2019s needs and risk profile.<\/span><\/li>\n\n\n\n<li><span>Banks are fully responsible for third-party products (insurance, mutual funds) sold through their branches.<\/span><\/li>\n\n\n\n<li><span>A policy brochure\/key feature document must always be shared before you buy.<\/span><\/li>\n\n\n\n<li><span>Banks must have a Board-approved policy to prevent mis-selling and handle grievances.<\/span><\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span>What are your rights to fight against the mis-selling<\/span><\/h2>\n\n\n\n<ol>\n<li><span>You have the right to file a complaint with the bank\u2019s Grievance Redressal Officer and the bank must reply within 30 days. Always ask for a Complaint Reference Number before leaving.<\/span><\/li>\n\n\n\n<li><span>Under the <\/span><a href=\"https:\/\/www.rbi.org.in\/commonman\/english\/scripts\/FAQs.aspx?Id=3407#:~:text=The%20Reserve%20Bank%20%2D%20Integrated%20Ombudsman%20Scheme%2C%202021%20(RB%2D,30%20days%20by%20the%20RE.\"><span>Integrated Ombudsman Scheme (RBI-IOS) &#8211; 2021<\/span><\/a><span>, you can escalate issues like sale of unsuitable products, misrepresentation of terms, unauthorised debits, or pressure selling by relationship managers. (<\/span><a href=\"https:\/\/cms.rbi.org.in\/\"><span>https:\/\/cms.rbi.org.in\/<\/span><\/a><span>)<\/span><\/li>\n\n\n\n<li><span>If the mis-sold product is an insurance policy, you can complain directly to the Insurance Regulatory and Development Authority of India (IRDAI) through their online grievance portal (<\/span><a href=\"https:\/\/bimabharosa.irdai.gov.in\/\"><span>Bima Bharosa system<\/span><\/a><span>), toll-free helpline (155255 or 1800 4254 732), or emailing (<\/span><a href=\"mailto:complaints@irdai.gov.in\"><span>complaints@irdai.gov.in<\/span><\/a><span>) them.<\/span><\/li>\n\n\n\n<li><span>You have the right to cancel (free-look period) within 15 days (30 days if bought online) and get your premium refunded after minor deductions.<\/span><\/li>\n\n\n\n<li><span>You have the right to legal action If nothing else works. You can approach the <\/span><a href=\"https:\/\/consumerhelpline.gov.in\/public\/\"><span>Consumer Helpline<\/span><\/a><span> under the Consumer Protection Act, 2019, to claim compensation for financial loss, mental harassment, or even legal costs.<\/span><\/li>\n<\/ol>\n\n\n<div class=\"cta-card wp-block-onefinance-cta-consultation-card\">\n\t<div class=\"cta-card__inner\">\n\t\t<div class=\"cta-card__content\">\n\t\t\t<div class=\"cta-card__left\">\n\t\t\t\t<div class=\"cta-card__avatars\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/d3eaaex9d02d1j.cloudfront.net\/Website_team\/Backend\/cta-qfas-20260112-070936-webp\" alt=\"cta-avatar\" \/>\n\t\t\t\t<\/div>\n\n\t\t\t\t<h3 class=\"cta-card__title\">Reduce overlap, minimise risk. Build your ideal portfolio<\/h3>\n\n\t\t\t\t<p class=\"cta-card__subtitle\">Let our Qualified Financial Advisors guide you<\/p>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"cta-card__right\">\n\t\t\t\t<div class=\"cta-card__form\">\n\t\t\t\t\t<label class=\"cta-card__label\">\n\t\t\t\t\t\tPhone Number\n\t\t\t\t\t\t<span class=\"cta-card__required\">*<\/span>\n\t\t\t\t\t<\/label>\n\t\t\t\t\t<div class=\"cta-card__phone-input\">\n\t\t\t\t\t\t<span class=\"cta-card__country-code\">+91<\/span>\n\t\t\t\t\t\t<input type=\"tel\" class=\"cta-card__input\" placeholder=\"Enter your phone number\" name=\"phone\" autocomplete=\"off\" \/>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"cta-card__error-message\">\n\t\t\t\t\t\tPlease enter a valid number\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div class=\"background-border\">\n\t\t\t\t\t\t<div class=\"border-box\"><\/div>\n\t\t\t\t\t\t<div class=\"cta-card__button disabled ga4\" data-gatitle=\"Blogs_Desktop_BookaFreeConsultation\">\n\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"14\" height=\"15\" viewBox=\"0 0 14 15\" fill=\"none\">\n\t\t\t\t\t\t\t\t<path d=\"M13.1383 10.3969L11.2514 8.41989C10.5776 7.71382 9.43201 7.99628 9.16247 8.91414C8.96031 9.54964 8.28644 9.90267 7.67996 9.76143C6.33224 9.40839 4.5128 7.57261 4.17587 6.08986C3.97371 5.45437 4.37803 4.7483 4.98451 4.53651C5.86053 4.25408 6.13008 3.05376 5.45621 2.34769L3.56939 0.370687C3.0303 -0.123562 2.22167 -0.123562 1.74996 0.370687L0.469621 1.71222C-0.810721 3.12436 0.604393 6.86654 3.77155 10.1851C6.93871 13.5036 10.5102 15.057 11.8579 13.6448L13.1383 12.3033C13.61 11.7384 13.61 10.8911 13.1383 10.3969Z\" fill=\"black\" \/>\n\t\t\t\t\t\t\t<\/svg>\n\t\t\t\t\t\t\tBook a free consultation\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"background-border visible-mobile whatsapp-button\">\n\t\t\t\t\t<div class=\"border-box\"><\/div>\n\t\t\t\t\t<a class=\"cta-card__button ga4\" data-gatitle=\"Blogs_Mobile_BookaFreeConsultation\" href=\"https:\/\/api.whatsapp.com\/send?phone=917718801029&#038;text=Hey%2C%20I%20want%20to%20book%20my%20first%20free%20consultation.\" target=\"_blank\" rel=\"noopener noreferrer\">\n\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/d3eaaex9d02d1j.cloudfront.net\/Website_team\/Backend\/coloured_WhatsApp_1764479099.svg\" alt=\"whatsapp icon\" \/>\n\t\t\t\t\t\tBook a free consultation\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t<p class=\"cta-card__helper\">\n\t\t\t\t\tYour first financial plan is <strong>free<\/strong>\n\t\t\t\t<\/p>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div class=\"cta-card__success\">\n\t\t\t<div class=\"cta-card__success-icon\">\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/d3eaaex9d02d1j.cloudfront.net\/Website_team\/Group+48098033.svg\" alt=\"Success\" \/>\n\t\t\t<\/div>\n\t\t\t<h3 class=\"cta-card__success-title\">\n\t\t\t\tThank you for showing interest!\t\t\t<\/h3>\n\t\t\t<p class=\"cta-card__success-subtitle\">\n\t\t\t\tWe will get back to you shortly.\t\t\t<\/p>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<p><span>Before you invest, <\/span><a href=\"https:\/\/1finance.co.in\/talk-to-a-financial-advisor\"><span>connect with a Qualified Financial Advisor<\/span><\/a><span> who can read documents with you and objectively assess whether the product fits your goals.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span>Conclusion<\/span><\/h2>\n\n\n\n<p><span>Unbiased financial advice, centered around the customer\u2019s financial well-being, seems to be missing in this ecosystem. And unfortunately, that\u2019s the harsh truth! The best shield is knowledge: stay alert, ask questions, and never hesitate to say \u201cno\u201d to a product that you don\u2019t fully understand.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Walk into any bank branch, and you will likely find a bank relationship manager (bank RM) trying to push you into something more lucrative, maybe a \u201cmarket-linked\u201d or \u201chigh-returns mutual fund plan\u201d. Everything looks good on the paper, but the fine print often reveals something else entirely. In broader terms, this practice is known as [&hellip;]<\/p>\n","protected":false},"featured_media":6506,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_updated_date":"2026-06-17 10:57:00","_blog_featured_landing":false},"blog-category":[274],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.11 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mis-selling by banks: Is the bank trying to scam you? How to protect yourself &ndash; 1Finance Blog<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mis-selling by banks: Is the bank trying to scam you? How to protect yourself &ndash; 1Finance Blog\" \/>\n<meta property=\"og:description\" content=\"Walk into any bank branch, and you will likely find a bank relationship manager (bank RM) trying to push you into something more lucrative, maybe a \u201cmarket-linked\u201d or \u201chigh-returns mutual fund plan\u201d. Everything looks good on the paper, but the fine print often reveals something else entirely. 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