41 - Banking Ombudsman Scheme

Banking Awareness Multiple Choice Questions (MCQs) and Answers with explanation on Banking Ombudsman Scheme for IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Bank

Banking Ombudsman may award compensation to the complainant for mental agony and harassment upto how much amount?
The Banking Ombudsman Scheme is introduced under which of the following sections in Banking Regulation Act, 1949?
Banking Ombudsman is a senior official appointed by the RBI to redress customer complaint specified under which clause of the Banking Ombudsman Scheme 2006?
How many Banking Ombudsmen have been appointed?
Which are the banks covered under the Banking Ombudsman Scheme, 2006?