Integrated Ombudsman Scheme Aim: To further improve the grievance redress mechanism for resolving customer complaints against entities regulated by RBI. The scheme is based on ‘One Nation-One Ombudsman’. This means that there will be one portal, one email, and one address for customers to file their complaints. There will also be a multilingual toll-free number that will provide all …
RBI Retail Direct Scheme Aim: To enhance access to the government securities market for retail investors. Under the scheme, retail investors will be able to easily open and maintain their government securities account online with the RBI, free of cost. RBI had announced the scheme in its February 2021 monetary policy Through this account, they can directly invest in securities …
Department: Reserve Bank of India Objective: Develop payment acceptance infrastructure in tier-3 to tier-6 cities (centres), with a special focus on the north-eastern states of the country. Scheme: Implementation: The focus shall be to target those merchants who are yet to be terminalized (merchants who do not have any payment acceptance device). Merchants engaged in services such as transport and hospitality, government …
Payment Infrastructure Development Fund (PIDF) Scheme – UPSC Prelims Read More »