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Question

The Banking Ombudsman Scheme was come into effect from

A 1985 Correct Answer Incorrect Answer
B 1975 Correct Answer Incorrect Answer
C 2005 Correct Answer Incorrect Answer
D 1995 Correct Answer Incorrect Answer
E 2015 Correct Answer Incorrect Answer

Solution

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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