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'PFRDA' Raises Ombudsman Age Limit To 70 Years From 65
Pension Fund Regulatory and Development Authority (PFRDA) has increased the upper age limit by 5 years for Ombudsman to 70 years. As per the Pension Fund Regulatory and Development Authority (Redressal of Subscriber Grievance) Regulations 2015, the upper age limit was ...
Non-Deposit Taking NBFCs Now Covered Under Ombudsman Scheme
In a bid to provide faster grievance redressal against shortfall in services relating to loans and other issues, RBI today included non-deposit taking NBFCs with asset size of Rs. 100 crore or more within the ombudsman scheme. Earlier the ombudsman ...
Online Transaction Failed: This Is What RBI Plans To Do
The Reserve Bank of India has asked authorized payment system operators to bring in place proper platform for customer grievance redressal. These payments system operators comprise of pre-paid payment instruments, card schemes, cross-border in-bound money transfers, Automated Teller Machine (ATM) networks ...
How To Make A Complaint On Your Insurance Provider?
If you are not satisfied with your insurance provider be it regarding false information or issues regarding claims one can raise a complaint on the same. Many individuals instead of raising a complaint they just change their policies even if they ...
Income Tax: What Complaints Can You Take to Ombudsman?
Individuals can complain to the Income Tax Ombudsman about grievances relating to Income tax such as delay in transfer of files, harassment during a search, a survey or assessment proceedings, discourteous behavior of officials, at the time of hearings etc. ...
RBI Advises Banks to Appoint Internal Ombudsman
The Reserve Bank of India has advised all public sector banks and some private sector and foreign banks to appoint an internal ombudsman, the RBI said in the press release. The internal ombudsman would be designated Chief Customer Service Officer ...
What to do if you have trouble with your insurance policy?
‘This was not the benefit which was promised'. ‘The agent did not explain this to me'. ‘The insurance company cheated me of my money'. ‘The insurer is not hearing my complaints properly'.......and the list goes on and on. How many of ...
Banking Ombudsman see rise in complaints
The Reserve Bank of India has decided to set up working group to review, update, and revise the Banking Ombudsman Scheme 2006. Banking Ombudsmen saw a rise in customer complaints in 2011-2012. The Annual Report said that the total number ...
Banking Ombudsman and grounds for complain
The Banking Ombudsman Scheme is a service provided by the Reserve Bank of India which enables an efficient and inexpensive mechanism to bank customers for resolution of complaints relating to certain services rendered by banks. The Banking Ombudsmen Scheme, 2006 ...
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