Banking · BCSBI Codes
A bank is preparing its promotional material for a new deposit product. Which BCSBI Code requirement mandates that the bank must prominently display the Key Facts Statement (KFS) for the product, detailing the interest rate, charges, and penalty clauses?
- 1The provision regarding the treatment of financially vulnerable customers.
- 2The obligation to submit to the Code Compliance Rating process annually.
- 3The commitment to General Information and transparency in advertising.✓
- 4The requirement for the bank to appoint a Nodal Officer for grievances.
Correct answer
The commitment to General Information and transparency in advertising.
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