RBI's New Integrated Ombudsman Scheme Comes into Effect from 1 July: Key Features, Complaint Process and Benefits

From 1st of July, 2026, The Reserve Bank of India (RBI) has implemented the its revamped Integrated Ombudsman Scheme. This scheme introduced to strengthened framework for resolving the customer complaints against the financial entities. It replacing the 2021 scheme and this new mechanism aims to provide a free, faster, transparent grievance redressal system.

What Is the RBI Integrated Ombudsman Scheme?

The Integrated Ombudsman Scheme is the RBI’s unified grievance redressal mechanism for the customers of the regulated financial institutions.

This scheme enables the customers to seek resolution of complaints related to the in service without approaching multiple authorities.

It follows the “One Nation, One Ombudsman” principle and it ensuring that the are processed irrespective of the customer’s location or the location of the regulated entity.

This revised framework replaces the Integrated Ombudsman Scheme, 2021 while the complaints filed under the earlier scheme will continue to be handled as per the previous rules.

Institutions To Be Covered

The new revamped scheme extends its coverage to the several categories of RBI-regulated entities, including the,

Scheduled and commercial banks.
Eligible Non-Banking Financial Companies (NBFCs).
Prepaid Payment Instrument (PPI) issuers.
Credit Information Companies (CICs).

This wider coverage also allows more financial consumers to access the single and standardized grievance redressal mechanism.

How Does the Complaint Process Work?

The new framework outlines the clear step-by-step process for to lodging complaints.

Step 1: Contact the Regulated Entity

Customers must have to first submit their complaint to the concerned bank, NBFC, PPI issuer, or the credit information company.

Step 2: Wait for the Response

If the entity,

Fails to respond within 30 days (or within a longer timeline prescribed by the RBI, NPCI, or applicable card network rules), or
Provides the response that the customer finds unsatisfactory,

then the complaint can be escalated.

Step 3: Approach the RBI Ombudsman

Customers may file a complaint with the RBI Ombudsman within the 90 days from receiving the final response or after the response period expires.

This structured process encourages the regulated entities to resolve grievances at the first level while ensuring the independent avenue for unresolved cases.