Financial Rights
You Should Know
Understanding your financial rights is a key step toward protecting yourself, your family, and your future. Here are essential rights every woman and citizen should know when dealing with banks, money, and financial institutions.
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1. Your Rights at the Bank
• You have the right to open a bank account without discrimination (age, gender, income, caste).
• You do NOT need a minimum balance to open a basic savings account.
• Banks must clearly inform you about fees, charges, and interest rates.
• You have the right to receive a receipt for every transaction.
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2. Loan & Credit Rights
• You have the right to say NO to a loan offer — never feel pressured.
• Loan documents must be explained to you in your language, if needed.
• You are entitled to a copy of the loan agreement and repayment schedule.
• No lender can demand extra or hidden charges once the loan is issued.
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3. Protection from Fraud & Misuse
• Your bank cannot share your personal data without your permission.
• Never share your PIN, OTP, or passwords — even with bank staff.
• If you report fraud within 3 days, you are not liable for the loss.
• Always verify loan or investment agents — many scammers pose as officials.
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4. Your Right to Financial Inclusion
• You can demand access to government schemes and subsidies via direct deposit.
• Women have the right to own property, land, and bank accounts in their name.
• Self-Help Groups (SHGs) and cooperatives must be transparent about how your money is used.
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5. Right to Financial Information
• You have the right to ask questions about any financial product or investment.
• You can request written documents in a simple, understandable format.
• You are entitled to monthly account statements and annual financial summaries.