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18th February 2016, 09:58 AM
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Join Date: Apr 2013
Re: Indian overseas bank ombudsman

Hey as The Scheme is introduced with the object of enabling resolution of complaints relating to certain services rendered by banks and to facilitate the satisfaction or settlement of such complaints.

Indian overseas bank ombudsman

This Scheme may be called the Banking Ombudsman Scheme, 2006

It shall come into force on such date as the Reserve Bank may specify.

It shall extend to the whole of India.

The Scheme shall apply to the business in India of a bank as defined under
the Scheme.

Tenure

The Reserve Bank may appoint one or more of its officers in the rank of Chief
General Manager or General Manager to be known as Banking Ombudsmen to
carry out the functions entrusted to them by or under the Scheme.

The appointment of Banking Ombudsman under the above Clause may be
made for a period not exceeding three years at a time


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