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RBI OMBUDSMAN 2026
RBI Ombudsman 2026: You can get up to Rs 33 lakh compensation for your bank grievances under this schemeThe RBI Ombudsman 2026 scheme offers free grievance redressal for customers. This scheme covers complaints against banks and other regulate...- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- 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...
- 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...
- RBI allows bank loans to NCDC to be counted as priority sector lendingBanks lending to the National Cooperative Development Corporation will gain priority sector status from January 19, 2026. This move aims to...
- RBI raises Ombudsman compensation cap to Rs 30 lakh for banking customersThe Reserve Bank of India has increased the compensation limit for customers to Rs 30 lakh for consequential losses and Rs 3 lakh for haras...
- Rising digital frauds, mounting consumer grievances a growing concern for banks, RBI saysDespite service improvements, rising consumer grievances remain a concern for India's banking system, according to the RBI's Trend and Prog...
- Bank to pay Rs 1 lakh to credit card customer after its collection agent harassed him to repay bill of a fraud transaction; rules Delhi HCThe Delhi High Court has awarded Rs 1 lakh to a credit card customer. This comes after the customer faced harassment from a bank's recovery...
- Good days for home loan borrowers: EMIs to drop further after RBI cuts repo rateRBI repo rate cut: The fastest benefit of the repo rate cut reaches to floating rate loan borrowers. These are the borrowers who have taken...
- Rising pendency of grievances with RBI Ombudsman a concern: RBI launches two-month grievance redressal campaign from January 1, 2026The Reserve Bank of India is launching a nationwide customer grievance redressal campaign. This initiative begins on January 1, 2026, and w...
- What changes does the BSBD account draft propose?The RBI proposed expanding services for basic savings bank deposit (BSBD) accounts, including digital banking, cheque books, and unlimited ...
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