Question

What action must the Complainant take for an Award passed by the RBI Ombudsman to remain valid and legally effective?

A Pay a statutory court fee to the RBI within 15 days
B Furnish a letter of acceptance of the Award in full and final settlement to the institution within 30 days of receipt
C File a countersigned affidavit before a civil judge within 45 days
D Execute a new account agreement with the Regulated Entity
E Do nothing, as the award executes automatically with no action required from the complainant
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)