The Reserve Bank of India has issued an Integrated Ombudsman Scheme (“Scheme”) vide notification dated 12th November 2021. The Scheme will come into force with immediate effect.
The Scheme integrates the following:
- the Banking Ombudsman Scheme, 2006 as amended up to July 01, 2017;
- the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and
- the Ombudsman Scheme for Digital Transactions, 2019.
Reserve Bank of India - Notifications (rbi.org.in)
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.