General Knowledge · Banking Ombudsman Scheme
Under the Reserve Bank - Integrated Ombudsman Scheme, what is the maximum award compensation the Ombudsman can grant for consequential loss suffered by a complainant, in addition to up to 1 lakh rupees for mental agony and harassment?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 11.5 crore rupees
- 221,00,000 rupees (Up to 20 lakh rupees for loss + up to 1 lakh rupees for agony)✓
- 320,00,000 rupees
- 440,000 rupees
Correct answer
21,00,000 rupees (Up to 20 lakh rupees for loss + up to 1 lakh rupees for agony)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Knowledge?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Banking Ombudsman Scheme MCQs →Want more practice questions on Banking Ombudsman Scheme?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Knowledge · Banking Ombudsman Scheme