BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the maximum claim that we can ask from Banking Ombudsman
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10lakh
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20lakh
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25lakh
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26lakh
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None
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Explanation:
Detailed explanation-1: -The Banking Ombudsman may award compensation not exceeding ₹ 1 lakh (₹ One Hundred Thousand) to the complainant for mental agony and harassment.
Detailed explanation-2: -An Ombudsman can entertain a complaint for a maximum amount of Rs 20 lakhs.
Detailed explanation-3: -Compensation not exceeding rupees hundred thousand can also be awarded by the Banking Ombudsman to the complainant for loss of time, expenses incurred as also, harassment and mental anguish suffered by the complainant.
Detailed explanation-4: -The pecuniary jurisdiction of the Banking Ombudsman to pass an Award has been increased from existing rupees one million to rupees two million.
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