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    Question

    Under the RBI Ombudsman Scheme, what is the maximum

    compensation that can be awarded for consequential loss suffered by a complainant? 
    A ₹10 lakh Correct Answer Incorrect Answer
    B ₹20 lakh Correct Answer Incorrect Answer
    C ₹25 lakh Correct Answer Incorrect Answer
    D ₹30 lakh Correct Answer Incorrect Answer
    E ₹50 lakh Correct Answer Incorrect Answer

    Solution

    The RBI Ombudsman or Deputy Ombudsman is empowered to award compensation up to ₹30 lakh for any consequential loss suffered by a complainant due to deficiency in service by a regulated entity. This provision enhances consumer protection and accountability. 

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