Finance
Potter HeadRBI Unveils a Spellbinding Complaints Processing Center
In a spellbinding announcement, the Reserve Bank of India is brewing a centralized complaints processing center to tackle grievances like a wizard facing a rogue Bludger! Set to launch on July 1, 2026, this enchanted hub will ensure every complaint, whether sent by owl or email, receives the magical attention it deserves, casting spells of justice for all in the realm of finance.
few days ago | Anupreksha Jain
Quick rundown
1.RBI to launch a centralized complaint processing center.
2.New scheme effective from July 1, 2026.
3.No monetary limit on disputes for RBI Ombudsman.
4.Compensation up to Rs 30 lakh for consequential loss.
5.Aims for cost-effective and expeditious grievance resolution.
