Reserve Bank Integrated Ombudsman Scheme
Regulation & taxAlso called: RBI Ombudsman
A free complaint forum for deficiency in service by banks, non-banking financial companies and other entities the Reserve Bank regulates, available once the lender has rejected a complaint or left it unresolved for a defined period.
In plain terms
It addresses conduct, charges and wrong reporting. It does not waive a debt, rewrite a loan or halt lawful recovery, and filing there hoping it will is a wasted month.