You know that moment at a bank branch where they say "just sign here" — and you're not sure what you agreed to? RBI just made that a lot harder for banks to get away with.
New rules now require banks and finance companies to get your clear consent before selling you any product — insurance, credit card add-ons, loan top-ups, anything.
No more pre-ticked boxes. No more bundling a ₹500/year insurance policy into your savings account without telling you.
What this means for you
- If a bank charges you for a product you never knowingly agreed to, you now have grounds to demand a refund.
- Check your bank statements for small recurring deductions — ₹100–₹999/month — that you don't recognise. These are often mis-sold add-ons.
- Banking apps also fall under this — sneaky design tricks like pre-selected checkboxes during payments are now being targeted.
What you can do
- Open your bank app or statement today and look for any subscription or insurance charge you don't remember signing up for — call your bank's helpline to cancel and claim a refund.
- Next time a bank executive pushes an add-on, you can simply say no — and they legally have to accept that.
You always had the right to say no — now the rules finally back you up.
Grow with clarity 🌱