Political Science, asked by ruatiruatremi480, 1 year ago

Banking ombudsman has been constituted under which act

Answers

Answered by PiyushSinghRajput1

The Banking Ombudsman Scheme is an expeditious and inexpensive forum for bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995.

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