With reference to the institution of Banking Ombudsman in India, which one of the statements is not correct ?

  • The Banking Ombudsman is appointed by the Reserve Bank of India
  • The Banking Ombudsman can consider complaints from Non-Resident Indians having accounts in India
  • The orders passed by the Banking Ombudsman, are final and binding on the parties concerned
  • The service provided by the Banking Ombudsman is free of any fee

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With reference to the institution of Banking Ombudsman in India, which one of the statements is not
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