Most likely, the code on your statement is PLICSBI.
Therefore, a credit transaction labeled PLICSBI (which you read as PLICSBD) indicates that State Bank of India has transferred an insurance claim amount to your account. plicsbd insurance claim on bank statement best
Why does it look like "PLICSBD"? Bank statement fonts can be tricky. The letter "I" (India) often looks like a lowercase "l" or a vertical line. If the print is faint, the "I" at the end can sometimes look like a "D" or be misread by OCR (Optical Character Recognition) software. Most likely, the code on your statement is PLICSBI
When you ask how to "claim," you likely want to know how to get this money back or stop future payments. Here is the step-by-step process. Therefore, a credit transaction labeled PLICSBI (which you
Before contacting the bank, check your paperwork.
Many banks offer "free" accidental death or hospital cash insurance as a perk for opening an account. Often, these are opt-out products. After 6 to 12 months, the free period ends, and the bank begins automatically debiting the premium (PLICSB) unless you explicitly cancel.
If the bank cannot prove you agreed to this insurance, file a formal dispute.