Digital gold and silver players form self-regulatory body for greater consumer protectionIndia's digital precious metals industry has launched the Digital Precious Metals Assurance Council of India (DPMACI), a self-regulatory bo...
11 May, 2026, 08.24 PM IST
Missed insurance claim submission deadline? Don't worry, you are still eligible for reimbursement. Here's whyA Bombay High Court ruling favored policyholders, stating insurers cannot reject claims solely for delayed document submission beyond the 9...
11 May, 2026, 01.56 PM IST
UK tenancy rule change from May 1, 2026: Landlords can no longer evict tenants through no-fault evictions, Here’s four other changes for tenants in the United KingdomThe UK's Renters' Rights Act, effective May 1, 2026, significantly overhauls tenant protections. Key changes include abolishing 'no-fault' ...
01 May, 2026, 04.58 PM IST
Bank pays Rs 3.21 lakh compensation to customer for delay in credit card closure; know what RBI rules sayAs per the Reserve Bank of India, any failure on the part of the card-issuers to complete the process of closure within 7 working days shal...
24 Apr, 2026, 08.27 AM IST
RBI overhauls prepaid cards & wallets rules: Rs 2 lakh monthly debit limit, usage, restrictions, new safeguard and moreThe RBI has revised Prepaid Payment Instrument (PPI) rules, introducing new monthly debit limits for full-KYC PPIs at Rs 2,00,000, with a R...
23 Apr, 2026, 02.42 PM IST
RBI sharpens compliance norms, expands use cases of UPI-linked wallets for foreign visitors under draft PPI normsThe Reserve Bank of India has unveiled draft guidelines for prepaid payment instruments. These new rules aim to strengthen compliance and c...
22 Apr, 2026, 10.12 PM IST
Has RBI announced 'new rules' for exchanging old Rs 500 & Rs 1,000 currency notes?Social media claims about the Reserve Bank of India allowing exchange of old Rs 500 and Rs 1000 notes are false. The official website of th...
20 Apr, 2026, 10.47 AM IST
58% surges in Insurance Ombudsman cases: 4 reforms to fix the backlog before it breaksThe Insurance Ombudsman serves as a guardian of trust for the industry and has resolved thousands of disputes for policyholders. But a grow...
06 Apr, 2026, 11.50 AM IST
Trouble with bank and can't find resolution? File a complaint against bank with RBI Ombudsman; who are eligible, when, where to fileRBI Ombudsman: Facing any issue with your bank? First try to solve it by filing a complaint, etc. If it is still not solved you may approac...
28 May, 2024, 11.59 AM IST
RBI ombudsman scheme can't be reduced to tantalising promise: Delhi HCThe Delhi High Court has criticized the "high-handed approach" of the RBI ombudsman in a complaint against a bank, stating that it erodes p...
23 Oct, 2023, 04.10 PM IST
Soon, file complaint against HFCs with RBI’s integrated ombudsmanRBI, in the annual report of ombudsman scheme, said that its consumer education and protection department is working towards extension of t...
04 Jan, 2023, 07.25 PM IST
How to file a complaint in Insurance Ombudsman: Here's the complete procedureThere are at present 17 Insurance Ombudsman across the country and any person who has a grievance against an insurer may make a complaint t...
07 Sep, 2022, 12.47 PM IST
Sebi drops ombudsman concept for securities marketThe Securities and Exchange Board of India (Sebi) has done away with the concept of ombudsman for the securities market because of legal is...
05 May, 2021, 11.52 AM IST
How to complain to digital payments ombudsmanRBI has instituted a dedicated grievance redressal mechanism for digital payments-related disputes. 21 ombudsman offices have been set up f...
11 Feb, 2019, 10.27 AM IST
RBI to strengthen banks' internal ombudsman: Can you hope for faster grievance redressal?In May 2015, with a view to strengthening the internal grievance redressal mechanism at banks, select banks were advised to appoint Interna...
01 Aug, 2018, 03.21 PM IST
- Income-tax ombudsman releases funds worth over Rs 660 crore
The ombudsman post was created in 2007 by the finance ministry. The ombudsman has to work within the framework of guidelines issued in 2007.
15 Apr, 2011, 07.06 AM IST
- ET in the classroom: Banking Ombudsman
The Banking Ombudsman Scheme provides an expeditious and inexpensive forum to bank customers for resolution of complaints relating to certa...
08 Jun, 2010, 04.15 AM IST