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Home / Finance / Home Loan / SBI deducted property insurance EMI after 5 years of home loan, though I never opted for property insurance when I got a home loan. The Bank is saying property insurance is compulsory, so we have deducted EMI. What action can I take against the Bank? And How?

SBI deducted property insurance EMI after 5 years of home loan, though I never opted for property insurance when I got a home loan. The Bank is saying property insurance is compulsory, so we have deducted EMI. What action can I take against the Bank? And How?

Manish Kadam

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SBI deducted property insurance EMI after 5 years of home loan, though I never opted for property insurance when I got a home loan. The Bank is saying property insurance is compulsory, so we have deducted EMI. What action can I take against the Bank? And How?

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