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Bare Acts

Banking Ombudsman Scheme, 2002

Central · 2002

Chapter Chapter I

  • S. 1Short title, commencement, extent and application.
  • S. 2Suspension of the Scheme.
  • S. 3Definitions.

Chapter Chapter II

  • S. 4Appointment and tenure.
  • S. 5Territorial jurisdiction.
  • S. 6Location of office and temporary headquarters.
  • S. 7Qualification.
  • S. 8Remuneration.
  • S. 9Secretariat.

Chapter Chapter III

  • S. 10General.
  • S. 11Other powers and duties.

Chapter Chapter IV

  • S. 12Grounds of complaint.
  • S. 13Procedure for filing complaint.
  • S. 14Power to call for information.
  • S. 15Settlement of complaint by agreement.
  • S. 16Award by the Banking Ombudsman.
  • S. 17Proceedings before the Review Authority.
  • S. 18Directions issued by the Review Authority.
  • S. 19Rejection of the complaint.
  • S. 20Banks to display salient features of the Banking Ombudsman Scheme for common knowledge of public.

Chapter Chapter V

  • S. 21Banking Ombudsman to act as arbitrator.
  • S. 22Arbitral proceedings.
  • S. 23The claim.
  • S. 24The reply.
  • S. 25Notification of the first hearing.
  • S. 26Pleadings, notifications or communications.
  • S. 27Terms of reference.
  • S. 28Conduct of arbitral proceedings.
  • S. 29New claims.
  • S. 30Award by consent.
  • S. 31Time-limit for award.
  • S. 32Making of award.
  • S. 33Notification and enforceability of the award.

Chapter Chapter VI

  • S. 34Removal of difficulties.
  • S. 35Application of the Banking Ombudsman Scheme, 1995.
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