City
Epaper

RBI says it has not authorised any third party for collecting fees for grievance redressal

By ANI | Updated: March 9, 2022 18:10 IST

The Reserve Bank of India (RBI) said on Wednesday that it has not authorized any third party for providing support in grievance redressal of the central bank's regulated entities, as claimed in messages being spread through certain sections of the social media.

Open in App

The Reserve Bank of India (RBI) said on Wednesday that it has not authorized any third party for providing support in grievance redressal of the central bank's regulated entities, as claimed in messages being spread through certain sections of the social media.

"Instances of misinformation being spread through certain sections of the social media about the Reserve Bank - Integrated Ombudsman Scheme 2021 (RB-IOS) have come to the notice of the RBI. These messages are conveying to the public at large to lodge their complaints against entities regulated by RBI through third parties for a charge/fee or otherwise for early redress of grievances," the RBI noted.

"It is clarified that RBI does not have any such arrangement with any entity for redressal of grievances against the Regulated Entities (REs)," the central bank said in a statement.

The RBI said it has laid down a cost-free grievance redress mechanism under RB-IOS which does not involve payment of fees or charges in any form or manner.

Customers having grievances against REs for deficiency in services, which is not redressed satisfactorily or in a timely manner by the REs can directly lodge their complaint on the Complaint Management System (CMS) portal of the RBI or through email, phone, or contacting directly to the central bank's office.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Reserve Bank Of IndiaReserve BankThe finance ministry of indiaMonetary policy committee of the rbiCentral board of reserve bank of indiaReserve bank of india governorFinance ministry and reserve bank of indiaNew india strategyReserve bank of india's boardDeputy governor of reserve bank of india
Open in App

Related Stories

NationalNew Co-Operative Bank Scam: RBI Allows Depositors To Withdraw Rs. 25,000 From This Date

NationalWhat Is 'fin.in'? Banks to Get Special Domain to Curb Cyber Frauds, Registration Begins in April 2025

NationalRBI May Cut Key Interest Rate by 25 Basis Points After Two-Year Hold on February 7

Fact Check: Does RBI Regulate Ink Color for Writing Cheques?

NationalHDFC Bank Employee Dies of Cardiac Arrest During Client Meeting Prep; Wife Blames Work Pressure

Business Realted Stories

BusinessSolid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath

BusinessPiyush Goyal lashes out at Big Pharma for evergreening patents

BusinessSEBI joins DigiLocker to reduce unclaimed assets, protect nominees’ interests

BusinessOver 170 million lifted above poverty line in India, Modi government and Congress claim credit

BusinessIndia, as fastest growing economy, is ideal investment destination: RBI Governor