Banking / Finance Law

Deficiency in Banking Service

Failures or shortcomings by a bank in providing services to its customers — such as wrongful debit, delayed transactions, or ATM fraud — actionable as a consumer complaint.

Customers facing issues like unauthorised transactions, wrongful levy of charges, or errors in account handling can file a complaint with the bank's grievance cell, escalate to the Banking Ombudsman, or approach a Consumer Commission for redress.

Banks are generally required to have a clear, time-bound internal grievance redressal process before a customer needs to escalate externally.

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