How banks mis-sell retirement products to senior citizens | Mis-sold

Описание: When we invest through a bank, we believe we’re being guided honestly. That trust is exactly what Virendra Rathore’s story questions.

Virendra Kumar Rathore, a retired professional who invested ₹15 lakhs in what was presented as a secure, pension-like scheme offering monthly returns, later discovered that the policy he signed did not guarantee the return he was promised.

Through his experience, the episode explores how retirement products are often misrepresented during bank-led sales conversations, especially when trust replaces due diligence.

This episode highlights:
• How pension-style products are misrepresented
• Why seniors are particularly vulnerable to mis-selling
• The importance of understanding what you sign
• Why “bank-sold” does not always mean “risk-free”

This episode looks beyond paperwork to show how trust in banks and relationship managers shapes financial decisions, even when the risks are not fully understood.

If you or your family rely on banks for retirement planning, this conversation is essential. Watch the full episode to understand how mis-selling happens, the warning signs to look for, and how easily trust can turn into irreversible loss.

1 Finance: https://1finance.org.in/Financialplan...

1 Finance is a ​​SEBI-registered fee-only Registered Investment Advisor (RIA), built to give individuals peace of mind through unbiased, holistic financial advice, delivered by Qualified Financial Advisors.

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