General Knowledge · Banking & Financial Awareness
Under the RBI Integrated Ombudsman Scheme (RB-IOS), which of the following is considered a prerequisite for a complaint to be maintainable before the Ombudsman?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The complainant must be represented by a legal practitioner.
- 2A written representation must have been made to the Regulated Entity.✓
- 3The amount of dispute must exceed 20 lakh rupees.
- 4The complainant must have approached the Consumer Court first.
Correct answer
A written representation must have been made to the Regulated Entity.
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