PNB Metlife is an insurance-company using logo of public-sector Punjab National Bank, but there is absolute no clarity on exact relationship between Punjab National Bank and PNB Metlife where agents of PNB Metlife lure members of public through highly lucrative investment-offers but without giving any brochure or highlights of the offered schemes on website.
Subsequent to some lucrative offer of annual deposit without any limit for five years or more with high non-taxable eleven-percent annually compounded interest-rate also attracting exemption under 80(C) of Income Tax Act coming from some call-centre on 17.01.2019, another call from some one claiming to be executive came on 18.01.2019 on mobile-number +91-9810033711 from mobile-number +91-8527372127 who further added that depositor would get free life-insurance cover also. But it was revealed that neither any brochure about the scheme would be given nor the offered scheme would be available on website as the scheme was being offered to privileged 50000 selected throughout the country, and some executive would be sent just for getting application-form signed together with relevant documents.
It is clear that no government-saving scheme presently provides annual-interest more than eight-percent that too taxable and only for senior citizens. It is impossible that any public-sector company like PNB Metlife may provide above-referred extra-lucrative scheme.
Punjab National Bank and PNB Metlife should make their relationship clear through newspaper-advertisements and prominently on their websites. All investment-schemes of PNB Metlife should be compulsorily put on website, and agents should be cautioned not to befool members of public by getting their hard-earned money invested in schemes without providing a brochure.
SUBHASH CHANDRA AGRAWAL