Question
Which of the following is NOT correct about Banking
Ombudsman (BO) Scheme? i.            It was introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. ii.           One can file a complaint with BO after filing complaint with the concerned bank but has not received satisfactory reply from the bank. iii.          Banking Ombudsman is appointed by Reserve Bank of India iv           Current Banking Ombudsman Scheme introduced in 2008.Solution
Current Banking Ombudsman Scheme introduced in 2006.
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