Banking Ombudsman is an appellate authority for resolving customer disputes with the banking services provided. It is an authority created by RBI the regulatory authority of the Banking sector. Banking Ombudsman provide a Free and Quick resolution to the issues faced by customers with the Banking sector. Apart from resolving issues BO also have a […]
Banking Ombudsman is a appellate authority for making complaints relating to services rendered by Banks. And provide resolution in timely manner to the issues faced by customers with the banks. The Banking Ombudsman Scheme is introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI with effect from 1995. The same has
What is Banking Ombudsman Scheme? Scheme Details Read More »
Bank Accounts become essential for everyone with the rapid adaptation of digital transaction in India. With the Financial Inclusion program introduction and subsequent efforts by Government made towards easing of KYC requirements the banking facility available to all sector of the people. The greatest struggle faced by the government to bring the Financial services to
Types of Bank Accounts Based on the KYC Documents Read More »
KYC short for Know Your Customer is a policy set up by every financial institution to identify and monitor each customer and to monitor their financial transactions. Other words it is how they identify, monitor and make a profile of you based on your transactions in your account. This will help the bank in categorizing
What is KYC (Know Your Customer) Policy in Banks? Read More »
Banking sector provides two basic accounts for the customers as an operative account they are Savings Account and Current Account. You might be new to banking and want to open a new account and does not know which one will suit you Savings or Current account. Or you are already having a bank account but
Comparision of Savings Account And Current Account Read More »
