Q. Banking Ombudsman may award compensation to the complainant for mental agony and harassment upto how much amount?
Answer: 1 lakh
Notes: Banking Ombudsman may award compensation not exceeding Rs. 1 lakh to the complainant for mental agony and harassment.
Question Source: 📚This question is part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations. Download the app here.
📌 Question Number: 1 in 41 - Banking Ombudsman Scheme in the above course in App.