General Studies I
With reference to the institution of Banking Ombudsman in India, which one of the statements is not correct?
|A||The Banking Ombudsman is appointed by the Reserve Bank of India|
|B||The Banking Ombudsman can consider complaints from Non-Resident Indians having accounts in India|
|C||The orders issued by the Banking Ombudsman are final and binding on the parties concerned|
|D||The service provided by the Banking Ombudsman is free of any fee|
One can also explore any other recourse and/or remedies available to him/her as per the law.
The bank also has the option to file an appeal before the appellate authority under the scheme.