4. When was the Banking Ombudsman scheme first introduced in India?

user image

Dileep Vishwakarma

2 years ago

The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. Presently the Banking Ombudsman Scheme 2006 (As amended upto July 1, 2017) is in operation.

Recent Doubts

Close [x]