[Resolved]  Life Insurance Corporation Of India — non payment of annuity by cheque

Address:

Surat, Gujarat

i am having three jeevan suraksha policy of lic .now they are asking me to provide my bank account detail with cancelled cheque or xerox copy of cheque. and they will credit the pension amount directly in the account.BUT I DO NOT WISH TO DISCLOSE MY BANK A/C AS IT IS MY PERSONAL ASSETS AND BY GIVING FULL BANK DETAILS IN THEIR PRESCRIBE FORMAT WITH MY SIGNATURE MY ACCOUNT BECOME FULLY OPEN AND IT MAY BE HARMFULL TO ME, AS NOW A DAYS HACKING INCIDENTS ARE INCREASING DAY BY DAY. LIC SAYING THAT THEY DOING THIS AS PER RBI GUIDELINE. IS IT SO ? RBI HAS ISSUED ANY SUCH GUIDELINES, THAT NO PAYMENT SHOULD BE MADE EXCEPT BY NEFT? ANYBODY CAN COMPEL ME TO DISCLOSE MY PERSONAL BANK ACCOUNT DETAIL? =NIGAM RATANLAL TOLAT, 17, RAVINDRA PARK SOCIETY, ADAJAN ROAD, SURAT 395003 =[protected]@yahoo.com