{"id":4712,"date":"2021-11-12T17:48:09","date_gmt":"2021-11-12T12:18:09","guid":{"rendered":"https:\/\/yourcareerheights.com\/?p=4712"},"modified":"2021-11-28T19:08:10","modified_gmt":"2021-11-28T13:38:10","slug":"the-reserve-bank-integrated-ombudsman-scheme-2021","status":"publish","type":"post","link":"https:\/\/yourcareerheights.com\/?p=4712","title":{"rendered":"The Reserve Bank – Integrated Ombudsman Scheme, 2021"},"content":{"rendered":"
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The Reserve Bank - Integrated Ombudsman Scheme, 2021 (the Scheme) was launched today ie. on 12th November 2021, in virtual mode by Hon\u2019ble Prime Minister Shri Narendra Modi.<\/h3>\n

The Scheme integrates the existing three Ombudsman schemes of RBI namely<\/strong><\/em>, (i)\u00a0the Banking Ombudsman Scheme, 2006<\/a>;
\n(ii)\u00a0the Ombudsman Scheme for Non-Banking Financial Companies, 2018<\/a>; and
\n(iii)\u00a0the Ombudsman Scheme for Digital Transactions, 2019<\/a>.
\nThe Scheme<\/strong><\/em>, framed by the Reserve Bank in exercise of the powers conferred on it under Section 35A of the Banking Regulation Act, 1949 (10 of 1949), Section 45L of the Reserve Bank of India Act, 1934 (2 of 1934), and Section 18 of the Payment and Settlement Systems Act, 2007 (51 of 2007), will provide cost-free redress of customer complaints involving deficiency in services rendered by entities regulated by RBI, if not resolved to the satisfaction of the customers or not replied within a period of 30 days by the regulated entity.<\/strong><\/em><\/h4>\n

In addition<\/strong> to integrating the three existing schemes, the Scheme also includes under its ambit Non-Scheduled Primary Co-operative Banks with a deposit size of \u20b950 crore and above.<\/strong><\/em> The Scheme adopts \u2018One Nation One Ombudsman\u2019<\/strong> approach by making the RBI Ombudsman mechanism jurisdiction neutral.<\/h4>\n

Some of the salient features of the Scheme are:<\/strong><\/h4>\n
    \n
  1. It will no longer be necessary for a complainant to identify under which scheme he\/she should file complaint with the Ombudsman.<\/em><\/strong><\/li>\n
  2. The Scheme defines \u2018deficiency in service\u2019 as the ground for filing a complaint, with a specified list of exclusions. Therefore, the complaints would no longer be rejected simply on account of \u201cnot covered under the grounds listed in the scheme\u201d.<\/em><\/strong><\/li>\n
  3. The Scheme has done away with the jurisdiction of each ombudsman office.<\/em><\/strong><\/li>\n
  4. A Centralised Receipt and Processing Centre has been set up at RBI, Chandigarh for receipt and initial processing of physical and email complaints in any language.<\/em><\/strong><\/li>\n
  5. The responsibility of representing the Regulated Entity and furnishing information in respect of complaints filed by customers against the Regulated Entity would be that of the Principal Nodal Officer in the rank of a General Manager in a Public Sector Bank or equivalent.<\/em><\/strong><\/li>\n
  6. The Regulated Entity will not have the right to appeal in cases where an Award is issued by the ombudsman against it for not furnishing satisfactory and timely information\/documents.<\/em><\/strong><\/li>\n<\/ol>\n

    The Executive Director-in charge of Consumer Education and Protection Department of RBI would be the Appellate Authority under the Scheme.<\/p>\n

    Complaints can continue to be filed online on https:\/\/cms.rbi.org.in<\/a>. Complaints can also be filed through the dedicated\u00a0e-mail<\/a>\u00a0or sent in physical mode to the \u2018Centralised Receipt and Processing Centre\u2019 set up at Reserve Bank of India, 4th Floor, Sector 17, Chandigarh - 160017 in the\u00a0format<\/a>. Additionally, a Contact Centre with a toll-free number \u2013 14448 (9:30 am to 5:15 pm) \u2013 is also being operationalised in Hindi, English and in eight regional languages to begin with and will be expanded to cover other Indian languages in due course. The Contact Centre will provide information\/clarifications regarding the alternate grievance redress mechanism of RBI and to guide complainants in filing of a complaint.<\/p>\n

    7. A copy of the\u00a0Scheme<\/a>\u00a0is available on the RBI website and on the CMS portal (https:\/\/cms.rbi.org.in<\/a>). The Scheme will be effective from today.<\/p>\n

    Source: rbi.org.in<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

    The Reserve Bank – Integrated Ombudsman Scheme, 2021 (the Scheme) was launched today in virtual mode by Hon\u2019ble Prime Minister Shri Narendra Modi. The Scheme integrates the existing three Ombudsman schemes of RBI namely, (i) the Banking Ombudsman Scheme, 2006; (ii) the Ombudsman Scheme for Non-Banking Financial Companies, 2018; and (iii) the Ombudsman Scheme for Digital Transactions, 2019. The Scheme, framed by the Reserve Bank in exercise of the powers conferred on it under Section 35A of the Banking Regulation Act, 1949 (10 of 1949), Section 45L of the Reserve Bank of India Act, 1934 (2 of 1934), and Section 18 of the Payment and Settlement Systems Act, 2007 (51 of 2007), will provide cost-free redress of customer complaints involving deficiency in services rendered by entities regulated by RBI, if not resolved to the satisfaction of the customers or not replied within a period of 30 days by the regulated entity.<\/p>\n","protected":false},"author":1,"featured_media":4713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1020,1022,38,653,292,652,1019,1021],"tags":[1024,1025,1023,40],"class_list":["post-4712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1020","category-2021-banking-ombudsman","category-banking","category-complaint-management-system","category-complaints","category-grievance-redressal","category-integrated-ombudsman-scheme","category-integrated-ombudsman-scheme-banking-ombudsman","tag-1024","tag-grievance-redressal-mechanism","tag-integrated-ombudsman-scheme","tag-rbi"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/yourcareerheights.com\/wp-content\/uploads\/2021\/11\/banking-ombudsman-1.jpg?fit=762%2C333&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/4712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4712"}],"version-history":[{"count":4,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/4712\/revisions"}],"predecessor-version":[{"id":4717,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/posts\/4712\/revisions\/4717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=\/wp\/v2\/media\/4713"}],"wp:attachment":[{"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yourcareerheights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}