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    Question

    In which year was the Banking Ombudsman Scheme

    launched?
    A In 2009 Correct Answer Incorrect Answer
    B In 2006 Correct Answer Incorrect Answer
    C In 2002 Correct Answer Incorrect Answer
    D In 2000 Correct Answer Incorrect Answer

    Solution

    The Banking Ombudsman Scheme was first notified by the RBI in 1995 under Section 35A of the Banking Regulation Act, 1949. Until the launch of the Integrated Ombudsman Scheme, 2021 the Banking Ombudsman Scheme 2006 (as amended in 2017) along with other services were in operation. 

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