As per the Debit card Insurance package policy, Copy of FIR or Letter of complaint duly acknowledged by the Police Authorities is required if the claim is of Rs ..... and above.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

As per the Debit card Insurance package policy, Copy of FIR or Letter of complaint duly acknowledged by the Police Authorities is required if the claim is of Rs ____ and above.

A	20, 000/-
B	10, 000/-
C	50, 000/-
D	25, 000/-

Explanation:

Detailed explanation-1: -12. Who pays the cost of deposits insurance? Deposit insurance premium is borne entirely by the insured bank.

Detailed explanation-2: -The Ombudsman may award a compensation not exceeding ₹1 lakh to the complainant for loss of the complainant’s time, expenses incurred, harassment and mental anguish suffered by the complainant.

Detailed explanation-3: -You should contact your bank and raise a dispute as this is an option for all the consumers. This dispute can be raised by visiting the bank personally, via telephonic conversation or in writing an email to bank support.

Detailed explanation-4: -The Banking Ombudsman is a senior official appointed by the Reserve Bank of India to redress customer complaints against deficiency in certain banking services covered under the grounds of complaint specified under Clause 8 of the Banking Ombudsman Scheme 2006 (As amended upto July 1, 2017).

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