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    Question

    Under bank ombudsman scheme, bank ombudsman has given

    the power to provide compensation up to ----.
    A 10 Lakhs Correct Answer Incorrect Answer
    B 25 lakhs Correct Answer Incorrect Answer
    C 15 lakhs Correct Answer Incorrect Answer
    D 30 lakhs Correct Answer Incorrect Answer
    E 20 lakhs Correct Answer Incorrect Answer

    Solution

    Limit on the amount of compensation (Award): The amount, to be paid by the bank to the complainant (The person registering the complaint) by way of compensation for any loss suffered by the complainant is the lower of- Loss suffered due to any act or omission of the Bank тВ╣ 20 lakhs (тВ╣ Two Million)

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