Consider the following statements with reference to Banking Ombudsman Scheme:
       I.           The scheme will provide redressal of customer complaints involving deficiency in services of government banks only.
     II.           It amalgamates three ombudsman schemes of RBI - banking ombudsman scheme of 2006, ombudsman scheme for NBFCs of 2018 and ombudsman scheme of digital transactions of 2019.
   III.           The scheme was launched for resolving customer grievances in relation to services provided by entities regulated by RBI in an expeditious and cost-effective manner.
Which of the statements given above is/are not correct?
Statement I is not correct - The unified ombudsman scheme will provide redress of customer complaints involving deficiency in services rendered by RBI regulated entities viz. All banks, NBFCs (Non-banking Financial Companies) and pre-paid instrument players if the grievance is not resolved to the satisfaction of the customers or not replied to within a period of 30 days by the regulated entity. Statement II is correct - It amalgamates three ombudsman schemes of RBI – the banking ombudsman scheme of 2006, the ombudsman scheme for NBFCs of 2018 and the ombudsman scheme of digital transactions of 2019. Statement III is correct - The scheme was launched for resolving customer grievances in relation to services provided by entities regulated by RBI in an expeditious and cost-effective manner.
The difference between compound interest and simple interest at rate of 18% per annum for 2 years is Rs. 486. Find the simple interest obtained on same ...
Vedant borrows Rs.75,000 for 2 yrs at 3% p.a simple interest. He immediately lends it to Abhishek at 5.5% p.a. for 2 yrs at simple interest. How much Ve...
What will be the ratio of simple interest earned by certain amount at the same rate of interest for 4 years and 6 years ?
A sum of Rs. 100 is invested at 10% per annum compound interest (compounded annually) for two years. How much interest will be received after two years?
If Simple Interest is 12.5% more than the principal and number of years(n), rate(r) are numerically in the ratio 2 : 1, then find the values of n, r.
Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 1100 and Rs...
A deposited Rs. 7500 at 20% per annum compound interest in scheme A for 3 years. After 3 years, he deposited total amount at 25% simple interest per ann...
If Rohit invested Rs. 16,000 at compound interest of 25% p.a., compounded annually, then interest earned by him in two years would be:
A certain sum when invested at compound interest (compounded annually) of 8% p.a. for 4 years, gives an interest of Rs. 4879.20. Calculate the approxima...
Alisha had Rs. 7500 with her. She invested 20% of the sum at 7% p.a. and the rest at 13% p.a., both at simple interest for 6 years each. Find the total ...
